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Australia launches carbon tax
1st July 2012
The introduction of a carbon tax in Australia has become one of the most hotly debated political and economic issues for many years in that country. The economy has enjoyed strong growth in recent times buoyed by rising demand for and prices of many of Australia’s huge endowment of natural resources. Under the new carbon tax, around 300 of the worst-polluting firms to pay a A$23 (£15) levy for every tonne of greenhouse gases they produce.Will a carbon tax threaten this growth? Or will it prove to be an inspired decision - helping to pave the way for greener growth and a faster pace of innovation not least in renewable energies and low-carbon goods and services?
[<a href="http://storify.com/tutor2u_econ/carbon-tax-in-australia" target="_blank">View the story “Carbon Tax in Australia” on Storify</a>]See also
BBC news: Australia introduces controversial carbon tax
BBC news: Two faces of Australia carbon tax
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.