Australia Introduces Carbon Tax

2012.09.03

Australia Introduces Carbon Tax

The law affects the 300 most polluting Australian companies.

Today, Australia accounts only for 1.5% of the world's greenhouse emissions. At the same time, it is the biggest yearly emitter per head, which is mostly due to its small population density. The Government announced in June, 2012 that in order to meet their climate-change obligations, they would introduce the controversial so-called carbon tax.


The new law forces the 300 most polluting Australian companies to pay AUD 23 (£15 or USD 24) tax after every tonne of greenhouse gases emitted.




Green organizations have welcomed the introducion of the law but ordinary people are strongly against restriction. The opposition says that as a consequence of the “toxic tax” people will end up losing their jobs, and the general cost of living will also increase a lot. At the same time, they promise to repeal the legislation if they win the next elections.


The Government has imposed the tax on Australian airlines, steel makers, energy and mining firms. As companies are likely to devolve extra costs to consumers, domestic fuel price levels as well as everyday costs will rise. Julia Gillard, Labor Government Prime Minister announced that this is the only way to fulfill the country’s climate-change obligations. Low income earners will be compensated, she promised.


Source: www.bbc.co.uk

 
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