Call for coalition carbon review
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CANBERRA, Feb 26 AAP
February 26 2013, 1:38PM
A report to be released soon after the federal election could provide an incoming coalition government a chance to review its stance on carbon pricing, the Climate Institute says.
Opposition Leader Tony Abbott has vowed to axe the carbon tax if elected to government on September 14 and introduce a Direct Action plan.
That plan includes an Emissions Reduction Fund, with a review of its effectiveness to take place in 2015.
Climate Institute chief John Connor says the coalition should consider bringing forward this review, in the light of information to be provided in a report by the Climate Change Authority due in October.
"I would encourage them to bring that forward, to have a look at what is going on in terms of emissions, global action and the latest science," Mr Connor told AAP on Tuesday.
"They will see carbon pricing is clearly where the world is moving."
Mr Connor said uncertainty over the future of the carbon price, which began in July 2012, was "stalling some investment decisions and putting a cloud over a range of other decisions".
"But there's also no question we are already seeing some outcomes from putting a price on carbon in terms of behaviours and investments."
Mr Connor said a coalition government could face calls for compensation from businesses in terms of new billing systems that had been introduced, compliance costs and the bringing back online of mothballed coal-fired power station units.
Shadow treasurer Joe Hockey on Monday said the coalition would not be paying compensation for the repeal of the carbon tax.
By Paul Osborne, AAP Senior Political Writer