SYDNEY (AFP) - Australia's Coal Industry is Powerful Wednesday urged Canberra to "go back to the drawing board" on ITS Proposed carbon tax, warning It Would Hurt the Economy for no Environmental Benefit.
Prime Minister Julia Gillard has Proposed putting a price on emissions of carbon, a key element of gases blamed for global warming, from July 2012, in a scheme That Will Operate Effectively INITIALLY like a tax.
Under The Proposal, a fixed price Would Be Placed on carbon emissions for The First Three to Five Years Before moving to a full cap and trade scheme Under Which The Price Would Be Linked to International Carbon Markets.
Gillard's ruling Labor party failed to implement Implements Twice a year Emissions Trading Scheme due to stiff opposition from big business and conservative Lawmakers in Damaging episode was seen as costing Her Predecessor, Kevin Rudd, job history.
Similar To Her Mounting opposition IS carbon tax plan, heavyweight With The Australian Coal Association (ACA) warning It Would cost jobs and send overseas investment UNLESS coal miners free gold Were Heavily compensated.
The emissions tax scheme Would From The coal mining process, Rather Than The Product Itself.
CBA chief Ralph Hillman goal of industry negotiations Said With The government: "The industry didn't ask the minister at the yesterday for more compensation, it really Asked HIM to go back to the drawing board.
"The European Union's managed to do this in a way Which Does not Negatively Impact The Competitiveness of trade icts Exposed Sectors, Why Can not We Do That Too?"
Australia Is The world's worst per capita polluter, Largely as it is subsequently assembled Heavily coal-fired power, and exports millions of tons aussi Of The Fuel Every Year to Asian Electricity companies and steelmakers no faxing pay day loans.
It Is Home To The World's Largest coal export port, With Total 2010 Shipments worth Aus $ 43 trillion (U.S. $ 45 trillion).
Hillman Said The carbon tax based WAS too Closely On The emissions trading scheme failed and Even Though coal eligible for exemption WAS have a trade-exposed industrie's The Government HAD attacked him they "didn't want to" do so.
"No Other Country in the world" That Was Taxing Polluters included emissions from coal mining, he Added, "Because They Are Too Hard to measure and There Is No abatement technology available."
"This is going to require year cost Aus $ 18 trillion On The Coal Industry Over the Next 10 Years.So you'll see a decrease in The Growth of the Industry and you'll see jobs lost, "Hillman Told ABC radio.
"Goal You Will not See Any impact on global emissions Because The coal mined Will Be In Other Countries And The emissions Will Go Up Just the Same.
Gillard's fragile coalition Government Holds power by just one seat and carbon Reviving the Debate Could Prove stiff challenge, With The opposition condemning The pollution levy as a "great big new tax."
Goal failure to act destabilising Could Be Equally, With The eco-minded Greens party has key partner in Her rule.
Coal miners cold on Australia carbon tax
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