SO Australia’s carbon price cards are finally on the table.
From July next year, the Federal Government will look to price greenhouse gas emissions at $23 per tonne rising 2.5 per cent each year.
Then, in 2015, this is replaced by a cap-and-trade system with the price set by the market.
That’s the simple explanation. The devil is in the detail, of which there is an awful lot.
To make the plan politically acceptable, a complex array of exemptions, sweeteners, compensation measures and adjustments to the tax system have been negotiated.
The number of people who believe climate change is among the top three biggest challenges facing Britain has increased significantly compared to last year, new government data shows....