Coalition considers letting power companies buy offsets to cut emissions

Tony Abbott argues offsets are carbon trading but government says it could include them in energy guaranteeThe Turnbull government is hedging its bets on whether to allow energy companies to buy offsets to comply with their new 26% emissions reduction target.A new 12-page discussion paper obtained by Guardian Australia addressing the emissions reduction architecture of the national energy guarantee (Neg) suggests the government is yet to make a decision about whether domestic or international emissions offsets are in or out. Related: Voters split on whether Coalition should build new coal plants or stop closures Related: Frydenberg to warn Abbott allies against 'extreme ideologies' on energy Continue reading...