BIG business is demanding the Gillard government include economic ''safety valves'' so carbon tax legislation can be ''scaled down'' if its core assumptions of indefinite economic growth and steady progress in international climate negotiations turn out to be wrong.
Business Council of Australia chief executive Jennifer Westacott told the Herald the carbon tax bills had been ''drafted so all the environmental elements can't be stopped but the business protections can be eroded.''
''We think it is just commonsense, in this environment of economic volatility and no binding action by other countries, that the government should be able to review and adjust what it is doing in response to what happens,'' she said.
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