A Senate inquiry into the Government’s proposed Emissions Trading Scheme (ETS) has heard the scheme should be put on hold until the economy recovers, according to Caltex Australia Ltd. spokesman Frank Topham.
He said emissions were less likely to rise during tough economic times and a delay would be appropriate.
“We believe (the ETS) should not start effective operation until properly designed or until economic conditions return to normal.”
According to Topham, the scheme currently would not reduce petrol emissions in the short term, and would cost the industry billions.
He called for a more effective solution, suggesting we should ” shift away from the use of fossil fuels … by 2050, primarily to vehicles that run on renewable electricity and biofuels and the like.”
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