|
Australia Putting a Price on Carbon is Priceless for U.S. Climate Change Debate
Tuesday November 8, 2011 will go down in history as a significant milestone in the international climate change debate, for this was the day the Australian Federal Parliament passed its Clean Energy Future Package and put a price on carbon pollution.
With the passing of this legislation, Australia has also ushered in a new era of economic reform with this package signifying the most important change in the country's economy since the floating of the dollar in 1983.
Key elements of the package include;
* A cut to carbon pollution of at least 160 million tons a year in 2020;
* A price on carbon set at $23 a ton;
* Revenue raised from the carbon price going directly into clean energy initiatives; and
* Tax cuts and increases to household payments and pensions for millions of Australians
To read the full report click here
| 
