• Спецпроекты
  • Weather forecast
    • Exchange Rates
    • 425.63
    • 515.99
    • 5.92
  • SEND YOUR NEWS TO US WhatsApp +7 (777) 001 44 99
  1. Main
  2. Read

Key facts on Australia's carbon tax

  • Vkontakte
  • Facebook
  • Twitter
  • Одноклассники
  • Telegram
Новостью поделились: человек

Key facts on Australia's carbon tax Key facts on Australia's carbon tax

Australia has released details of the nation's long-awaited carbon tax, which the government hopes to move to an emissions trading scheme after three years.

Here are some key facts on the pricing scheme aimed at combating climate change that is set to come into force on July 1, 2012:

-- The tax will be paid by about 500 of Australia's top polluters and will initially be set at Aus$23 (US$24.60) per tonne.

-- The levy will rise by about 2.5 percent each year in real terms until switching to an emissions trading scheme on July 1, 2015 under which the price will be set by the market.

-- The government said the reform will help reduce Australia's carbon emissions by five percent of 2000 levels by 2020 and by 80 percent by 2050.

-- The cost of living is expected to rise by about 0.7 percent in 2012/13 as a result of the tax but the government has promised to offset this, pledging a Aus$15 billion package of tax cuts, family assistance and pension support to ensure nine out of 10 households are not worse off.

-- Industry will also be compensated, with Aus$9.2 billion allocated over the first three years for free permits for manufacturers such as steel makers while the coal sector will receive Aus$1.3 billion to support jobs.

-- The government will invest Aus$1.2 billion in improving energy efficiency in manufacturing and supporting R&D and establish a Aus$10 billion fund to help businesses seeking help to get clean energy technologies off the ground.

-- The closure or partial closure of some of Australia's most emissions intensive generators will be negotiated by the government to remove up to 2,000 megawatts of capacity before 2020.

-- A new Climate Change Authority will provide expert advice on key aspects of the carbon pricing mechanism, which will have a lower and an upper limit.


Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan

Firebase Cloud Messaging