Australian Carbon Trading Scheme - November 2009 Changes

November 2009 Changes

There were a number of significant changes made to the scheme in November 2009 after Malcolm Turnbull negotiated with Prime Minister Kevin Rudd. These changes included large increases in compensation for polluting industries, including the coal and aluminium smelting industries. $4 billion was proposed for the manufacturing sector and $1.5 billion was proposed for electricity generators.

Read more about this topic:  Australian Carbon Trading Scheme

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