The Sydney Morning Herald: national, world, business, entertainment, sport and technology news from Australia's leading newspaper.
THE Federal Government's $500 million plan to subsidise Australian car manufacturers to build green cars is unlikely to reduce greenhouse gas emissions and would hurt the economy, says the Productivity Commission.
The Government's own think-tank also warned that far from encouraging innovative green technologies, the subsidies risked reducing productivity and repeating earlier policy mistakes which had contributed to the car industry's current problems.
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