08 Nov '11, 2pm

Congrats Australia! Law passed which will require mandatory carbon pollution reductions for major polluters

Congrats Australia! Law passed which will require mandatory carbon pollution reductions for major polluters

Require the largest polluters to curb their carbon pollution. The program would require the 500 largest polluters—e.g., electricity and industrial companies—in Australia to pay for their carbon pollution. This would cover over 60% of Australia’s emissions. Beginning July 1, 2012 these companies would be required to pay about $24 per ton of carbon pollution (23 Australian dollars per ton). The price would rise by rise 2.5% per year till until July 2015 when these companies will be subject to a cap on their carbon pollution – through an emissions trading program. Establish fixed carbon pollution limits beginning in 2015. An independent body – the Climate Change Authority (similar to such a body in the United Kingdom ) – will be tasked with recommending by February 2014 specific pollution limits for each five year period. The government is required to consider the recommendat...

Full article: http://switchboard.nrdc.org/blogs/jschmidt/congrats_austr...

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