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AAP
AAP
Environment
Jennifer Dudley-Nicholson

Call to screw the cap on $11 billion diesel subsidy

Tim Buckley Climate Energy Finance Mining Australia Fortescue Metals
The top 15 companies using the tax credit scheme burned nearly six billion litres of fuel last year. (Mick Tsikas/AAP PHOTOS)

Australia is being urged to put a $50 million cap on industry subsidies for diesel fuel, and turn the scheme into a "transition tax incentive" to encourage renewable energy investments. 

Climate Energy Finance issued the recommendations in an analysis of Australia's Fuel Tax Credit Scheme on Wednesday.

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