Opposition Leader Tony Abbott says businesses will be better off without a carbon tax, as power companies warn the coalition’s climate policy will be tough to implement.
Power companies say the coalition’s alternative “Direct Action” policy will be more difficult to run than Labor’s carbon pricing mechanism, which Mr Abbott has vowed to repeal if elected prime minister.
The Energy Supply Association of Australian supports an emissions trading scheme (ETS), and says falling electricity demand will force the coalition to review its climate change policy if elected, The Australian Financial Review reports.
A number of business groups, including Wesfarmers Ltd and the Australian Industry Group, have recently called for the carbon tax to be scrapped and replaced with an ETS with a floating carbon price.
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