Rudd’s chance to truly address Climate Change
Fortunately, Rudd has been thrown a political and environmental lifeline by the Greens who have proposed the government take up the recommendation made by the Garnaut Report to introduce a transitional carbon tax of $20 a tonne for two years between July 2010 and July 2012.
Rudd missed opportunity to dump failed emissions scheme The Age, Kenneth Diavidson, 8 Feb 2010 February 8, 2010
“……In the absence of a global agreement, carbon taxes applied by governments is the only sensible way to incorporate the cost of carbon pollution into prices to discourage carbon-intensive industries and promote a green economy…..
Fortunately, Rudd has been thrown a political and environmental lifeline by the Greens who have proposed the government take up the recommendation made by the Garnaut Report to introduce a transitional carbon tax of $20 a tonne for two years between July 2010 and July 2012.
Garnaut has done the arithmetic. The tax would raise just over $10 billion a year, half would be rebated to low and middle-income households and the remainder used for structural adjustment of emission-intensive industries and investment in infrastructure designed to produce the most economical forms of renewable energy.
The tax would add about 1.4 per cent to the CPI and the burden would fall on high-income households not eligible for the rebate and the $5 billion revenue could be used for seeding infrastructure including some of the proposals put forward in Abbott’s $3.2 billion package announced last week.
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