Crisis impact 'will be included in ETS'
The impact of the economic crisis will be considered in the final design of an emissions trading scheme, the federal government says.
Economic modelling of the cost of the transition into a proposed scheme will be released later on Thursday morning by Treasury.
Climate Change Minister Penny Wong said the impact of the credit crisis, not included in the modelling, will be taken into account in the final design of a scheme.
"The government will take into account both current and short and long-term economic issues when we move to make a decision on the design of the carbon pollution reduction scheme," mbt changa cork shoes Ms Wong told ABC Radio.
She said the modelling confirmed that proper transitional measures for business were needed to make the switch.
"That's why in the green paper we set out a very substantial set of assistance to our emissions intensive MBT Chili sale trade exposed industries in the form of free permits."
The modelling also demonstrates that it was in Australia's economic interest to act now on climate change, she said.
Meanwhile, unions and environmental groups are calling on the federal government to boost jobs and investment in emerging "green collar" industries.
A new report shows half a million jobs could be created in industries such as renewable energy bio materials and recycling by 2030.
The Green Gold Rush Report was prepared by the Australian Council of Trade Unions (ACTU) and Australian Conservation Foundation (ACF).
ACF executive director Don Henry said the credit crisis presents an opportunity for Australia to get a foothold in green industries.
"Australia is well placed to lead an economic renewal based MBT Changa cork around clean industries and green jobs," he said in a statement.
Based on an analysis of 30 green industries globally, the report says Australia should focus on six sectors including renewable energy, sustainable water, green buildings and waste recycling.
ACTU president Sharan Burrow said there is an urgency for the government to act now to be a key player in the international green energy market.
"The report shows Australia must act swiftly to make the most of its natural advantages or our economy will be left behind," she said in a statement.
"We can't afford to miss the boat."
Prime Minister Kevin Rudd says the government has taken into account constantly changing economic circumstances in its proposed emissions trading scheme.
Mr Rudd rejected suggestions that Treasury modelling on the impact of the ETS, to be released later on Thursday, mbt shoes was already out of date due to the impact of the global financial crisis.
"The economic circumstances are constantly changing. They have been in the past and they will do so in the future," he told MBT Tembea men Fairfax Radio.
"Those who do economic modelling factor in as many variables as possible.
"The key thing is when you introduce a carbon pollution reduction scheme, which is what we are doing, it's necessary long-term for the environment.
"Otherwise the economic impact through rising sea levels, coastal inundation, further and more intense drought, as well as the impact on tourism in the wetlands and elsewhere is huge and that all costs jobs."
Mr Rudd said it remained the government's ambition to introduce the program in 2010.
He said the economic cost of inaction and delay would be greater than the cost of action.
"That's been our longstanding view and we believe it is the right course of action, not just for the environment but for the economy," he said.
"It's important to act both for the immediate term and for the long term. You cannot simply delay the challenges which are rolling down the railroad track towards us as well."
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