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Smelters come out on top with modified CPRS

  •  21 May 2009
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Smelters come out on top with modified CPRS

RISKMETRICS has released its findings on its analysis of the modified Carbon Pollution Reduction Scheme (CPRS).

The group found that the total assistance for emissions-intensive industries will now be worth $16.4 billion over five years.

Aluminium smelting will now receive $1.139 billion under the increased compensation proposals in the first full year of emissions trading, 2012-13, petroleum refining $378 million, alumina refining $319 million, steel $316 million, LNG $231 million and cement $190 million.

RiskMetrics estimates that total assistance to the 20 largest greenhouse gas emitters will now be $683 million higher in the first full year of the ETS than in the original proposal.

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