18 Jul '11, 3pm

New Australian Carbon Tax Offers Comprehensive Model for All #capntax #capntrade #tcot #ocra #susty

Gillard promised during her 2010 campaign that she would not seek a carbon tax and eventually had to reverse her position under pressure from the Green Party, one of the partners in her coalition. The political risks of taking this step were obvious to her, which was one of the reasons why she was seeking a more comprehensive package with compensation to both the public and the business sector. Gillard understood that at least for now the plan will be judged more by the burden it places on households and businesses and less by the carbon reductions it will generate (the plan’s goal is 5% reduction by 2020). The challenge was to find the right compromise that would keep the majority happy and Gillard in place.

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

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