Carbon Tax

Carbon pricing policy a small start to tackling climate change

On Sunday the Gillard Federal Government announced it's carbon tax at $23 a tonne of carbon to be imposed on the 500 largest carbon polluting companies starting from July 1st, 2012. More than half the money raised will be returned to low and middle income earners, pensioners and retirees as compensation. Additional packages include $10 billion renewable energy and low emissions technology fund, substantial assistance packages to 'trade exposed' industries, $1.9 billion to fund carbon geo-sequestration in the land sector, and a $1 billion biodiversity fund.

The initial rate of $23 a tonne will be indexed at 2.5% for 3 years before an Emissions Trading Scheme is introduced in 2015 with a cap and floor price set by the Government. An independent Climate Change Authority will be established to recommend targets when the emissions trading scheme commences to take some of the politics out of the process. A target of 80% emissions reduction from 2000 levels by 2050 will be set.

See also: Carbon price in a nutshell according to the Australian Youth Climate Coalition. Full Details are available on the Government compensation package and of the carbon price modelling from Treasury Department.


Greenpeace targets BHP Billiton over carbon pollution

A Busy week for the activists of Greenpeace Australia who did a banner drop outside BHP Billiton headquarters in Melbourne on Monday and followed it up midweek with erecting a Pollution Tax Collection Point at BHP’s Mount Arthur Mine in the Hunter Valley holding up a BHP coal train temporarily.

Youtube Video: BHP Billiton: The Polluter must Pay

Thousands rally to price carbon on World Environment Day

An estimated 10,000 people packed the lawns of the State Library on Swanston street Melbourne on World Environment Day to Say yes to a safe climate and support the introduction of a carbon price by the Gillard Federal Labor Government. About 8000 people also gathered in Sydney, 5000 people rallied in Adelaide's Victoria Square, 5000 in Brisbane, 3000 in Perth, 3000 in Hobart, and 2000 in Canberra. Organisors estimate up to 45000 may have attended rallies across Australia today to support climate action and pricing carbon.


Price on Pollution rally: Melbourne

Approximately 7500 people attended the Price on Pollution rally at Treasury Place, Melbourne, attended by an estimated 7,500 people demonstrating their support for a fixed price on carbon pollution.

The rally was called by Get UP as a response to anti-carbon tax rallies inspired by Tony Abbott's call for a "peoples revolt" against the proposed ALP policy.

Images courtesy of Nick Carson


Gillard announces interim carbon tax to tackle carbon pollution and climate change

Australia is to get a carbon tax from 1 July 2012 as one cornerstone policy for tackling the challenges of climate change, announced Prime Minister Julia Gillard, Greens leader Senator Bob Brown, and Independents Rob Oakeshott and Tony Windsor in Canberra yesterday. The interim carbon tax is proposed to run for 3-5 years, rising by a set amount each year, to be followed by a full cap and trade emissions trading scheme linked to international markets. There would be no international offsets allowed for the interim mechanism and agricultural emissions would initially be excluded from the tax.

Related: Youtube videos - Press Conference | Christine Milne | Press Conference photos


Coalition Climate Policy just "tinkering at the edges" say academics and scientists

While the politicians debate 5% emissions reduction under Kevin Rudd's Carbon Pollution Reduction Scheme or Tony Abbott's incentive based Emissions Reduction Fund, it may be instructive to go back to what the scientists say we need:
25-40% reduction in emissions by 2020 for a reasonable chance to avoid dangerous climate change and stay under 2 degrees warming.