18 Jul '11, 10am

The new Australian carbon tax offers a comprehensive model to satisfy everyone

On Sunday the Australian Prime Minister, Julia Gillard, announced a new a plan to tax carbon emissions from the country’s 500 worst polluters. Starting next year, these companies will pay for each ton of carbon dioxide emitted, first through a fixed carbon tax and from 2015 via a carbon trading scheme. This plan came to the world after a heated debate and a fierce political battle that reminded many of the fight we had in the U.S. over climate regulation not so long ago. But although the Aussie battle is not over yet, it looks like the side favoring action against global warming is actually winning this time. The plan introduced by Gillard is interesting not only because of its carbon regulation component (carbon tax transforming into a trading scheme), but also in the way it was structured to help selling it to the public and the business sector and defuse their resistanc...

Full article: http://www.triplepundit.com/2011/07/new-australian-carbon...

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