Sunday, July 10, 2011

Australia announces new tax for Carbon Based life forms

Australian Prime Minister, Julia Gillard has announced a carbon tax of $23 per tonne of CO2 emissions by the top 500 polluters.


JULIA Gillard has announced a carbon price of $23 per tonne, which she says will reduce Australia's carbon pollution emissions without costing most households anything.

Announcing the carbon price package this afternoon, Ms Gillard has said there is an "avalanche of science" to tell us the climate is changing.

"Now is the time to get this done. As a nation we need to put a price on carbon and create a clean energy future."

Ms Gillard has said the government will require 500 big polluters to pay a price per tonne for the carbon they release into the air. "At the moment those big polluters can release that pollution into our atmosphere for free."

This will cause the polluters to innovate and change to reduce their bills. "In doing so they will reduce their carbon pollution.

"This all adds up to a reduction in carbon pollution of 160 million tonnes by 2020. That's the equivalent of taking 45 million cars off the road."

The carbon price will force up living costs by almost $10 a week, but nine out of 10 Australian households will be compensated through tax cuts or extra payments.

Read more:

The following video is meant as light relief to an incredibly tedious debate built on disputed data and dug in positions, and does not represent the views of ABC Bullion.

No comments:

Post a Comment