Direct Action passes Senate
Source: Climate Spectator, 31 Oct 2014
More than three months after repealing the carbon tax the Abbott government has finally succeeded in replacing Labor's climate policy with one of its own.
After a marathon debate that stretched into Friday morning, the government's direct action plan passed the Senate with the support of crossbench senators from the Palmer United Party.
The bill underwent a number of last-minute changes and will need approval from the House of Representatives, where the government has the numbers and the result is assured.
Labor and the Australian Greens fiercely opposed the government's alternative climate plan but didn't have the votes to defeat it.
The legislation will establish the $2.55 billion emissions reduction fund, an incentive pool for companies to voluntarily find ways to reduce their carbon footprint.
Companies opting into the scheme will compete for government money by devising projects that can reduce emissions cheaply.
The government is confident it can meet Australia's five per cent emissions reduction target by 2020 by funding these green projects, such as cleaning up power stations or capturing gas at landfill sites.
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