7/10/11 - This Sunday, Australia announced its carbon tax plan in an effort to help fight climate change. AFP reports that the plan is to tax carbon pollution at $24.74 (USD) per ton, in a move similar to Europe's emissions trading scheme.
Prime Minister Julia Gillard said at a news conference that there would be a fixed price on carbon pollution until a full trading scheme is introduced in 2015. She said, "As a nation, we need to put a price on carbon and create a clean energy future... This has been a difficult debate that has brought us to this moment. But we are here now and now is the time to get this done."
Reuters reports that, according to Gillard, by 2020 the carbon tax plan would reduce emissions by five percent over 2000 levels, and would cut 159 million tons of carbon pollution.
AFP reports: read more>>>
Sunday, July 10, 2011
Australian Carbon Tax Plan
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