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News > Global environmental current affairs > Carbon tax legislation and implementation

Carbon tax legislation and implementation

2011-09-01

The implementation of a carbon tax is imperative, and the Australian government hopes to pass the carbon tax legislation and implement it in July next year.

This symposium, hosted by the Business Council of Australia (BCA), initially proposed a carbon tax of US$10 per tonne, lower than the US$20-30 price range. A major Australian business summit indicated that US$10 per tonne was reasonable and expressed willingness to cooperate with this government measure. Implementing a carbon tax would help reduce greenhouse gas emissions and promote investment in clean energy.

— Reference: ABC News

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