04 Jul '11, 8am

Australia To Unveil Carbon Price Scheme This Week: Source: Reuters - An Australian carbon price scheme putting a...

Australia To Unveil Carbon Price Scheme This Week Date: 04-Jul-11 Country: AUSTRALIA Author: Rob Taylor An Australian carbon price scheme putting a tax on emissions and outlining a transition to emissions trading around 2015 will be unveiled later this week, the deputy leader of the influential Greens Party said on Monday. Christine Milne also backed reports that the minority Labor government had agreed to set-up a multi-billion dollar fund to aid renewable energy investment under the scheme, helping counter a promised exemption for petrol opposed by the Greens. Uncertainty over the fate of the policy, which would tax carbon emissions from next year, has begun to frustrate investment decisions, particularly in the coal-fired power industry and in renewable energy and plantation forestry. "Certainly we have pushed not only for an emissions trading scheme, but a broad packag...

Full article: http://planetark.org/enviro-news/item/62500

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