12 Oct '11, 6am

Australia Gets a Price on Carbon Despite Toxic Anti-Science Campaign

Australia Gets a Price on Carbon Despite Toxic Anti-Science Campaign

From 1 July 2012, Australia's largest emitters of greenhouse gas emissions will have to pay a fixed price of $23 per tonne of pollution produced here. The price will rise to $25.40 per tonne in 2014/15. From 1 July 2015, an emissions trading scheme will be introduced where the government releases a fixed number of permits which major emitters will need to purchase through auctions. In the early stages, major industries will be given permits for free, but the assistance gets scaled back. The number of permits released by the government will be capped to enable Australia to cut its emissions by five per cent by 2020, based on 2000 levels.

Full article: http://www.desmogblog.com/australia-gets-price-carbon-des...

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