Developing your carbon strategy: how to respond to the green paper

Source: Ernst & Young
"Ernst and Young (E&Y) has told the Fed Govt it must consider incentives for business to reduce their emissions using the tax system. An E&Y report suggests the govt target R&D tax offsets to innovation and R&D that is designed to reduce emissions and reduce energy intensity and increase them from 125% to around 200%; or the govt could provide business with accelerated depreciation write offs for investments in clean technology."