12 Oct '11, 12pm

Australia Poised to Enact Historic National Carbon Tax

Australia Poised to Enact Historic National Carbon Tax

As it would establish a sliding schedule of tax rates for Australia’s largest 500 CO2 emitters, the ‘carbon tax’ actually seems to be a carbon dioxide (CO2) emissions tax rather than a carbon tax, which is typically levied on hydrocarbon fuels according to the amount of CO2 they contain. In any event, both are viewed simpler, more direct and less costly means of putting a price on CO2 emissions, one of the key greenhouse gasses that contributes to global warming. Conservation and climate science groups, along with labor unions and the Greens Party, are urging the Senate to pass the legislation quickly, while Australia’s big business interests continue to oppose its passage.

Full article: http://www.triplepundit.com/2011/10/australia-poised-enac...

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