Carbon Price

Carbon Price

The Lab​or government was forced by the Greens to put a price on carbon.

A carbon pricing scheme commonly referred to as a carbon tax was introduced on 1 July 2012. It requires businesses emitting over 25,000 tonnes of carbon dioxide equivalent emissions annually to purchase emissions permits. The scheme directly affects approximately 300 "liable entities" representing the highest business emitters in Australia.

Initially the price of a permit for one tonne of carbon dioxide is fixed at A$23 for the 2012–13 financial year, with unlimited permits being available from the Government. The fixed price will then rise by 2.5% a year, until a transition to an emissions trading scheme in 2015–16, where the available permits will be limited in line with a pollution cap.

The pricing is part of a broad energy reform package called the Clean Energy Plan, which aims to reduce greenhouse gas emissions in Australia by 5% below 2000 levels by 2020 and 80% below 2000 levels by 2050. The plan sets out to achieve to these targets by encouraging Australia's largest emitters to increase energy efficiency and invest in sustainable energy. The scheme will be administered by the Clean Energy Regulator. Compensation to industry and households is being funded by the revenue derived from the charge.

Australia generates 1.5% of global emissions, but on a per capita basis Australia is the highest emitter of all developed countries. In September 2009, data from the United States Department of Energy showed the average output of carbon emissions was 20.58 tonnes for each Australian, higher than the average of 19.78 tonnes in the USA. Greenhouse gases in Australia are primarily produced by electricity generation, petroleum refining and gas processing; these account for slightly less than half of all emissions. Wikipedia

 

Hurry! Book your cave now, filling up fast.

Get ready for living in the new dark age, brought to you by the Liberal party's discredited "direct action plan". 

Dire warnings not realised

"Whyalla will be wiped off the map by Julia Gillard's carbon tax, Whyalla risks becoming a ghost town, an economic wasteland if this carbon tax goes ahead,"

Tony Abbott  27 Apr 2011 

"...  23,000 by $23 which - what's that - $575,000 for a beast, so it's costing you vastly more than a $100 roast.."

 

Barnaby Joyce  Nov 2012

There is more, but it too ridiculous to spend time on this. It is startling that our politicians indulge in such childish scare stories.

Promises distorted

[CO2 pollution is the] greatest moral challenge of our time

Kevin Rudd PM 2007

"there will be no carbon tax under a government I lead, but let me be clear I will be putting a price on carbon 

Julia Gillard 16 Aug 2010 Before her election.

(I think I have the quote correct. It is difficult to find an accurate transcript of this. Many reporters have their own agenda and select, or distort the statements made. These messages are swamping the internet.)

Quote from Abbott

"The government should explain why it's necessary to set a go-it-alone price to reduce emission, rather than to take direct action as the Coalition is proposing," 

UK, Japan, Italy, France and Germany have carbon prices.

The EU emissions trading system (EU ETS) is a cornerstone of the European Union's policy to combat climate change and its key tool for reducing industrial greenhouse gas emissions cost-effectively. The first - and still by far the biggest - international system for trading greenhouse gas emission allowances, the EU ETS covers more than 11,000 power stations and industrial plants in 31 countries, as well as airlines. Source

India’s $555 Million Coal Tax May Fund Electricity Lines