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Australia unveils sweeping carbon plan

Posted By admin On July 10, 2011 @ 5:51 am In Sci Tech | Comments Disabled

Reuters [1]
July 10, 2011

Australia unveiled its most sweeping economic reform in decades on Sunday with a plan to tax carbon emissions from the nation’s worst polluters, reviving hopes of stronger global climate action with the largest emissions trade scheme outside Europe.

Prime Minister Julia Gillard said 500 companies including steel and aluminum manufacturers would pay a A$23 ($24.70) per tonne carbon tax from next year, rising by 2.5 percent a year, moving to a market-based trading scheme in 2015.

“It’s time to get on with this, we are going to get this done,” said Gillard after a bruising battle to win political support for the scheme, which has polarized voters and business. A parliamentary vote on the scheme is expected before year-end.

Australia is the developed world’s worst per-capita greenhouse gas emitter because of its heavy reliance on cheap coal for power generation. Emissions are set to rise in the booming economy without a carbon cost, the government says.

Full article here [1]

Australia unveils sweeping carbon plan 150709banner2 [2]

Stock up with Fresh Food that lasts with eFoodsDirect (AD) [3]


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URLs in this post:

[1] Reuters: http://www.rawstory.com/rs/2011/07/10/australia-steps-up-climate-fight-unveils-sweeping-carbon-plan/

[2] Image: http://www.prisonplanet.tv/

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] Australian parliament rejects carbon trade plan: http://www.prisonplanet.com/australian-parliament-rejects-carbon-trade-plan.html

[5] Australia passes controversial carbon pollution tax: http://www.prisonplanet.com/australia-passes-controversial-carbon-pollution-tax.html

[6] Rothschild Australia and E3 International to take the lead in the global carbon trading market: http://www.prisonplanet.com/rothschild-australia-and-e3-international-to-take-the-lead-in-the-global-carbon-trading-market.html

[7] Australia Dumps Carbon Trading Scheme: http://www.prisonplanet.com/australia-dumps-carbon-trading-scheme.html

[8] Australia’s Carbon Tax Contributing to Record Business Failures: http://www.prisonplanet.com/australia%e2%80%99s-carbon-tax-contributing-to-record-business-failures.html

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