July 6, 2011
Australia will unveil the full details of its contentious pollution tax within days, Treasurer Wayne Swan said Tuesday, promising help for households facing higher energy bills.
The tax, to apply to Australia’s top 1,000 polluters from mid-2012, follows two failed attempts by the ruling Labor party to introduce an emissions trading scheme (ETS) in a bid to cut carbon emissions blamed for global warming.
Australia is among the world’s worst per capita polluters due to its reliance on coal-fired power and resources exports, and Labor plans to charge big business a fixed price per tonne of carbon dioxide emitted.
This article was posted: Wednesday, July 6, 2011 at 10:42 am