AFR clippings 30 June 2011

The AFR (30 June) is full of meaty goodness, as usual.

Fuel subsidy trade off in climate deal
Marcus Priest and Louise Dodson
The federal government will order an official inquiry into fossil fuel subsidies and fuel taxes as part of its carbon deal, as senior business leaders publicly backed an emissions scheme.
The inquiry, by the Productivity Commission, is a big win for the Greens, who have proposed restructuring excise so that fuel is taxed on its carbon content. And in a win for the NSW regional independents, it is understood that the carbon deal – likely to be announced next week – will include fuel concessions for farmers through a new fuel credits scheme.

Other snippets – The tax to an ETS after 3 years instead of the five Gillard floated in February.

Mirvac and Gloucester Coal chairman said the carbon price was not something that was going to affect the economics of the coal industry perhaps “as much as Bob Brown would like it to.”

And “Foster’s Group chief executive John Pollaers said an emissions trading scheme “has to happen.”

Meanwhile, the Fin’s political editor, Laura Tingle, has this to say about
Abbott’s dream run coming to an end

But in the past two weeks, there have been signs [Abbott’s] campaign is stuttering. The media was getting bored with his daily doorstops. More questions started to be asked about the Coalition’s “direct action” plan.
Then, confirming he really had reached the bottom of the barrel, Abbott pushed his plebiscite idea, which went brilliantly for a few hours until someone asked whether he would abide by an outcome that went against him…

In a day-to-day news sense, if the Coalition’s vote isn’t needed, the news interest changes.
The focus will be more on what all the vested interests have to say.
Here too, things are changing. The business commentary on the carbon tax is changing. The hysteria is going. The “let’s get on with it for God’s sake” is growing.

And there’s a full-page analysis
The other side of the carbon coin
“Business is not doing as much as it can to take advantage of energy efficiency schemes. This provides a counter-point to public statements on carbon, writes Marcus Priest.

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