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5.2.2 How will assistance be provided?
The Government will allocate, free of charge, Australian carbon permits to the most emissions‑intensive and trade‑exposed industries. This will shield eligible businesses from the full impact of a carbon price, while retaining strong incentives to reduce carbon pollution.
There will be two categories of assistance. The most emissions‑intensive and trade‑exposed activities will initially be eligible for 94.5 per cent shielding from the carbon price. A second category of assistance will provide an initial shielding level of 66 per cent of the carbon price. This will apply to activities assessed as having a lower risk of carbon leakage. LNG projects will also receive a supplementary allocation to ensure an effective assistance rate of 50 per cent, in recognition of the wide dispersion of emissions among some prospective LNG developments.
The assistance rates will be reduced by a ‘carbon productivity contribution’ of 1.3 per cent a year to provide additional incentives over time for these industries to reduce pollution.
Since the fishing industry exports most of its product and its CO2 is basically 100% diesel use which is hard to reduce (maybe you will get subsidies for newer, more efficient engines??? :D ).