11 Jul '11, 3pm

Australia's Carbon Pricing to Herald a Clean Energy Future:

Australia has put a price on carbon dioxide. $23 AUD a tonne. The country's 500 biggest polluters will, as off 1 July 2012, be required to pay effectively a tax on the CO2 they create. They will, of course, pass on this encumbrance to their customers, which government modelling suggests will end up as $9.90 weekly impost on household budgets. To get the populace on side in the transition to a lower carbon economy the government will take 15 billion from the taxes collected and funnel that back to households as compensation equal to an average of about $10.10 a week. Unless, you earn more than $80,000 per annum, a figure deemed wealthy enough that you can pay your own carbon way without need of income tax relief. Settling a carbon price, (to be superseded by a Emissions Trading Scheme or 'cap and trade' system in 2015), is, depending on who's telling the story, the most sig...

Full article: http://www.treehugger.com/files/2011/07/australias-carbon...

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