|Introduction of a Carbon Price|
|Tuesday, 01 March 2011 13:36|
The Government has announced last week the introduction of a Carbon Price. A carbon price is a price on pollution. The Government proposes this is the cheapest and fairest way to cut pollution and build a clean energy economy. They advise this is the best way to stop businesses polluting and get them to invest in clean energy is to charge them when they pollute.
The two-stage plan for a carbon price mechanism will start with a fixed price period for three to five years before transitioning to an emissions trading scheme.
The Government will propose that the carbon price commences on 1 July 2012, subject to the ability to negotiate agreement with a majority in both houses of Parliament and pass legislation this year.The framework has been agreed by Government and Greens members of the Multi-Party Climate Change Committee (MPCCC). The other members, Mr Tony Windsor and Mr Robert Oakeshott, have agreed that the proposal should be released for community consultation.
The Committee will continue to discuss other important elements of the proposal including the starting level of the fixed price, any phasing in of sectors of the economy, and assistance for both households and industry.