Minister says Australian emitters would have to splash A$25 bln on foreign offsets under Labor plan

Published 09:58 on April 18, 2019  /  Last updated at 01:49 on April 19, 2019  /  Asia Pacific, Australia  /  No Comments

Australia's big emitters would have to buy carbon credits abroad to the tune of A$25 billion ($18 bln) if the opposition Labor party wins the country's election next month, Finance Minister Mathias Cormann said Thursday.

Australia’s big emitters would have to buy carbon credits abroad to the tune of A$25 billion ($18 bln) if the opposition Labor party wins the country’s election next month, Finance Minister Mathias Cormann said Thursday.

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