Clive Palmer has announced support for the Liberal Government’s Direct Action climate policy.
With the Palmer United Party and cross benchers behind Tony Abbott’s $2.5 billion emissions reduction subsidy, the Direct Action plan will now pass through the Senate.
In exchange for his party’s backing, Mr Palmer will get to keep the Climate Change Authority and an emissions trading scheme (ETS), which was previously ruled out by Mr Abbott.
Mr Palmer, CCA chair Bernie Fraser and Environment Minister Greg Hunt held a press conference late Wednesday afternoon to announce the changes.
“This is a tremendous outcome for the Government – one of our signature policies is being achieved,” Mr Hunt said.
“The authority will conduct a review examining whether there are emissions trading arrangements in other countries and what form they take.”
While Mr Palmer stated in the past that the Direct Action (that essentially aims at paying large businesses to reduce their CO2 output) was a waste of money. The deal he has made now allows him to fully use the benefits of an ETS, which will reduce tariffs when exporting to international markets. He told Lateline the Direct Action plan has been completely renewed and, along with an ETS, is the best legislation for the Australian people on a commercial and environmental level.
Labor Leader Bill Shorten, whose party does not support an ETS, told the media he believed the deal had not been done in the interest of the people. – Lily Mayers
Top photo still from an ABC report.