garnaut draft report friday, page-7

The Carbon Emissions Reduction Scheme Green paper doesn't seem as good as the Garnaut Review Draft Report. Garnaut was proposing $3 billion or 20% of permit auction revenue for investment in technology RD&D. Garnaut also had some good discussion on market failures in transmission infrastructure. The Green Paper barely mentions technology except for CCS as a form of assistance for the coal industry. Because the Green Paper also has handouts for "disproportionately affected" industries like coal fired electricity generation, it probably meant that there was not money left over for RD&D.