Antinuclear

Australian news, and some related international items

Carbon tax could fund a renewable energy Australia

by investing the revenue raised by taxing carbon emissions (or fossil fuels) in renewable energy and clean technology research, development, demonstration and deployment…establish a National Clean Technology Fund.

Carbon tax could be the ticket for a greener Australia ›  (ABC Environment) by Leigh Ewbank. 27 Sept 10, “……The Gillard government’s new cross-party Climate Change Committee aims to spearhead carbon-pricing legislation in the next term. The narrow terms of reference mean that it will recommend emissions trading, a carbon tax, or a combination of the two……….Although a carbon tax cannot ‘guarantee’ specific targets, it can guarantee revenue. This should be viewed as strength and an opportunity. A hypothecated carbon tax — a tax dedicated to a specific purpose — has excellent potential to accelerate decarbonisation.

This can be achieved by investing the revenue raised by taxing carbon emissions (or fossil fuels) in renewable energy and clean technology research, development, demonstration and deployment…

….Australia could follow India’s example and establish a National Clean Technology Fund. An Australian version might incorporate and build on existing Commonwealth initiatives like the $1.5 billion Solar Flagships Program and $652 million Renewable Energy Future Fund, and build on them with secure long-term funding. The national fund could also finance new and upgraded transmission lines, the rollout of electric vehicle recharging infrastructure,…..

Carbon tax could be the ticket for a greener Australia › Opinion (ABC Environment)

September 28, 2010 - Posted by | AUSTRALIA - NATIONAL, climate change - global warming, energy, politics | , , , , ,

1 Comment »

  1. “Never before has a society destroyed so many resources. Never before have humans “consumed” in such an irresponsible way………… We don’t own the planet: we borrowed it from our posterity…………we will be cursed by the succeeding generations if we aren’t able to reverse, restrict consumption, get rid of polluting productions.”
    Can more?

    Like

    Comment by cuteget | December 16, 2010 | Reply


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