Hunter industry buckles in as Canberra confirms 'real' emissions reduction figure is 27 per cent

ENERGY EQUATIONS: The federal government has confirmed the '43 per cent from 2005' emissions target equates to 27 per cent from last year. Big emitters such as Tomago Aluminium face dramatic change. Picture: Darren Pateman

ALL of Australia will need to contribute to emissions reduction, business and industry leaders have said in response to Labor's Climate Change Bill passing the House of Representatives.

And the federal government has confirmed that the 43 per cent reduction on 2005 emissions represents a 27 per cent cut from present levels of emission, meaning the real task is not as difficult, but still significant.