Carbon price impact of $20 tonne on sample Victorian electricity generator: value falls $1.7bn to $400 million; asset-owners plot

Proof edition: The right to pollute for free, was worth a huge value to generators which used brown coal. It allowed them to profitably compete with clean plant. The pollutors lobby-group the Business Council of Australia (BCA) aregued therefore the asset owners should get huge subsidies

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Vic coal value crash ahead: so, Santos moots Victoria Shaw River three-CCGT 1,500 MW baseload gas; 500MW by 2012, 70pc cleaner than brown coal

The coming of the carbon market - ready or not - had led Victorian coal generators, to claim, they would 'go bust for they had to pay for pollution'. But - while they were complaining - Santos had filed a plan for 1500MW gas baseload plan near Orford. Natural gas-fired power emitted up to 70 per cent less CO2 than an existing brown coal-fired power generator, said Santos.

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Business Council of Australia begs for subsidies for pollutors: carbon price of $20 per tonne strips profits from pollutors

Four out of fourteen - and perhaps 8 - of fourteen, carbon-exposed businesses studied,would close after the start of the emissions trading scheme in 2010, Greig Gailey, President Business Council of Australia told the Sydney Institute 27 August, 2008.

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Australian carbon price plans mean gas use for electricity must triple: big need for gas in Victoria, as carbon price closes marginal plants

Greig Gailey, President. Business Council of Australia told a Sydney Institute meeting, 27 August, 2008, "Under the most credible scenarios for capacity growth.

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Business Council of Australia bottom line: pay coal plants to build new wind, gas and geothermal, and, to bolt-on CO2 dumps, to coal plants

There was lots of gas, the BCA argued, but no surety plant would be built to meet the gaps created by coal plant, retired as unviable, after exposure to carbon liabilities, from 2010.

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