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Labor shelves energy blueprint

27/03/10

The Rudd government has shelved its plans for a national energy policy blueprint for Australia’s energy needs because of uncertainty about the emission trading scheme and the cost to electricity generators of cutting carbon emissions.

The delay adds to uncertainty about the required $100 billion investment necessary to avoid electricity brown-outs, and industry leaders have called for the government and opposition to drop politics and come to a compromise on setting a price for carbon.