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Aug. 3 (Bloomberg) — Carbon price caps will threaten Australias power supply and stifle investment in renewable technologies, the Sydney Morning Herald reported.
The planned emissions trading price caps of A$10 ($8.35) in the first year and A$40 in the following four years may cause Australia to increase its reliance on high emissions energy such as coal as electricity demand rises, the paper said, citing a submission to the governments energy review.
To contact the reporter on this story: Gemma Daley in Canberra at [email protected]
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