Fluorescent Efficiency

Posts Tagged ‘carbon footprint’

Australia is currently having a very lively debate surrounding the implementation of a carbon tax as a solution to the climate change dilemma. While skepticism about global warming has been growing in some sections of the world’s population, the Australian government has nevertheless pushed forward with plans to put a firm price on carbon by July 2012.

This is actually one of the first wide-ranging carbon pricing schemes being implemented, and will have some major economic ramifications for Australia. At a starting price of $23 per tonne of carbon, many businesses are being asked to get ready to pay many billions of dollars in tax.

Economic Reinvestment

The clever thing about the implementation is the way this tax is being redistributed. More than 50% of the tax takings actually goes back to the public to compensate for the inevitable price increases that will come with a carbon price. The rest goes to subsidize companies that will be worst hit by the carbon price – so-called trade exposed industries involved in things like mining and smelting.

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