CANBERRA (Reuters) - Australia's government is putting together a A$3 billion ($3.2 billion) package to promote clean energy and pay for closure of heavy polluting brown coal-fired power stations as part of a carbon price scheme to be unveiled within days, a newspaper said on Tuesday.
Negotiations with electricity generators had resulted in a package that will provide coal-fired plant operators with a line of credit and loan guarantees to continue operating under a carbon price, The Australian newspaper said, citing unnamed sources.
A clean energy finance corporation with a fund of A$2 billion would also be included in the scheme, to be outlined on July 10, and would impose conditions requiring generators to reduce emissions and cut capacity over time, it said.
