A coal-fired power plant planned for Victoria, Australia, is facing some challenges under the country’s Emissions Trading Scheme. The $750 million plant would not qualify for carbon emissions trading credits, according to a report by the Environment Defenders Office. The problem is that the plant cannot be grandfathered in under the Australian Emissions Trading Scheme and the plant developers, including HRL and Harbin Power, will now have to spend roughly $50 million per year to purchase carbon permits.