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Coal mining industry after more ETS aid

Coal mining industry after more ETS aid article image

The coal mining industry stands to receive $750 million in compensation during the rollout of the government's Emissions Trading Scheme, but say they need more to stave off job losses. Parliamentary secretary for climate change Greg Combet says the government has already increased assistance to the industry in its revision of the ETS and will not look to increase that compensation. High-polluting industries such as aluminium smelting stand to gain 94.5 percent assistance. "I think that's a pretty strong level," said Combet. "We've already improved the assistance package for trade-exposed industries." Combet will meet with representatives of the coal industry later this week.

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