11 Jul '11, 9am

Gillard: Australian carbon tax promises "clean energy future"

The Australian government yesterday unveiled its long-awaited carbon tax plan, immediately sparking a row over the economic impact of the controversial carbon levy. As widely anticipated, Prime Minister Julia Gillard confirmed yesterday that the new tax will come into effect from July next year, hitting Australia's top 500 emitters with a $23 a tonne carbon tax. FURTHER READING Gilllard to scale back controversial carbon tax Government "giving green taxes a bad name" She also confirmed the tax will rise 2.5 per cent a year until 2015, at which point the levy will transition into an emissions trading scheme that is expected to be the world's third national greenhouse gas cap-and-trade scheme after the EU and New Zealand. Gillard hailed the proposals – which have been put together following months of tense negotiations between the minority Labor government and the Green and ...

Full article: http://www.businessgreen.com/bg/news/2092749/gillard-aust...

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Australia Unveils Carbon Tax to Fund a 'Clean Energy Future'

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