One of the biggest greenhouse gas polluters has backed Federal Labor’s long-term climate change target by committing to cut its emissions to 60 per cent of 1990 levels by 2050, reported The Australian Financial Review (4/7/2007, p.11).
Great expectations: TRUenergy, which runs victoria’s brown coal-burning Yallourn power station, said it would start upgrading plants, commissioning new-generation technology and using renewable energy.While Prime Minister John Howard has claimed that a Labor government would risk economic prosperity by cutting 2050 emissions by 60 per cent of 2000 levels, TRUchergy’s ambitions were greater than Labor’s because its target is relative to 1990 levels.
National scheme needed:TRUenergy chief Richard McIndoe said it would cap carbon intensity, with cuts starting by 2010, and undertake not to build any traditional coal-fired power stations. But he said success depended on a natonal emissions trading scheme that set a carbon price.
The Australian Financial Review, 4/7/2007, p. 11