Business and interest groups that called for carbon tax to be dumped three years ago now urge panel to recommend market mechanism to price emissions

The Liberal New South Wales government, major energy users, manufacturers and businesses including BHP Billiton have urged the Finkel review of the electricity market to consider a price on carbon or a market mechanism.

The submissions, released on Friday, add further pressure on the review to recommend a market mechanism to price greenhouse gas emissions, such as an emissions intensity scheme, despite the fact the Turnbull government has ruled out a carbon price or EIS.

Related: Renewable energy spike led to sharp drop in emissions in Australia, study shows

Related: Finkel review criticises climate policy chaos and points to need for emissions trading

Related: Australia’s greenhouse gas emissions are rising and forecast to miss 2030 target

Continue reading…