25 Jul '12, 3pm

How Aussies are adapting to the carbon tax

How Aussies are adapting to the carbon tax

This month, Australia introduced a carbon tax that will require about 300 mining, energy and other industrial firms to pay $24 USD for every metric ton of greenhouse gas emitted. The tax has received a mixed reception , but many regard it as an opportunity to improve energy and resource efficiency throughout the nation. Ecomagination.com talked to Ben Waters , director of ecomagination for Australia and New Zealand, about how the tax will create new jobs, spur investment in renewable energy and speed the transition to a cleaner and more prosperous economy. What have Australia’s historically low energy prices done to energy efficiency in the country? Ben Waters: Due to the low costs of energy in Australia, we are one of the most carbon intensive developed economies in the world. Australia is sitting on 700 years’ worth of coal. This has meant cheap power prices which haven’...

Full article: http://www.greenbiz.com/news/2012/07/25/how-aussies-are-a...

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