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Let's be honest Bas, the reason it was never used was because the media never stopped bagging it as a handout to big business, that is the reason nothing gets done the media cranks up the ranters and chanters then when they are shown to be a bunch of ducks down the road they just change the chant.
Mindless rabble, is what they are, both the media and their footsoldiers.
Not so SP. Let's see what the article says about the intended implementation of the policy by Labour and the non implementation by the Coalition.
Hitting on a baseline winner
Hunt's solution, the one he and independent senator Nick Xenophon slipped into legislation being drawn up to replace the carbon tax with direct grants, was to set up "baselines" for each large emitter.To be determined by the Clean Energy Regulator in accordance with rules set by the minister and disallowable by parliament, the baselines set the maximum amount each big plant can emit without being in breach and paying penalties.
Greg Hunt has announced he will retire from federal politics at the next election.(ABC News: Luke Stephenson)
Importantly, the baselines were to be calculated on the basis of previous emissions. Facilities were to be allowed to emit what they had, but no more.
More importantly, plants could have their baselines calculated on the basis of emissions intensity — the amount emitted per unit of production, which would mean they would be able to expand so long as they didn't emit more per unit.
More importantly still, the Clean Energy Regulator is in the process of converting almost all baselines to emissions intensity baselines.
All Labor has to do, and what intends to do, is to make use of the mechanism Hunt and Xenophon put in place.
Business is backing baselines
Each facility that emits more than 100,000 tonnes of carbon dioxide equivalent per year — 215 of them — is subject to a baseline.What Labor has pledged to do, and it is backed by the Business Council, is to get the Clean Energy Regulator to wind down those baselines "predictably and gradually over time" to support the transition to net zero.
Businesses that are already reducing their emissions want this, because they want other firms to be made to do the same.
The beauty of the mechanism set up on Abbott's watch is that each facility, each "gas well, aluminium smelter and coal line" as Labor's Chris Bowen puts it, will have its tightened baseline calculated individually.
Business Council chief Jennifer Westacott backs tightened baselines.(One Plus One)
Each will be asked to do no more than what is needed after considering what it can cope with.
Within minutes of Friday's announcement, Energy Minister Angus Taylor labelled it "a sneaky new carbon tax on agriculture, mining and transport", but it is better described as a system of guidelines and penalties, one legislated by Taylor's side of politics.
Quite a lot will be needed. Labor's modelling, released on Friday, didn't spell out what would be needed to get emissions to net zero by 2050, but the Coalition's modelling, released in November, did.
No matter what reasonable assumptions the model included, including "global technology trends", it couldn't get all the way to net zero by 2050.
So the Coalition's modellers added in something fanciful which they named "further technology breakthroughs" to get the remaining 15 per cent.
Greg Hunt retires as health minister and retires from parliament at the next election. He has set us on the path to getting where we will need to be.
The surprising architect behind Labor's climate plans? A retiring Coalition minister
Before he became Health Minister, Greg Hunt spent years thinking about mechanisms for getting emissions down – and if elected, Labor plans to road test the one he introduced, writes Peter Martin.
www.abc.net.au