Australia’s plan to tax carbon emissions cleared its final political hurdle on Tuesday but industry groups remain critical of the scheme, arguing it’s too expensive and will deliver few benefits to the wider economy, or succeed in cutting pollution.
This week the new Australian Government will sit down again with various society representatives to restart the discussion on emissions policy, with a particular focus on the delivery of a carbon price signal into the economy.
A price on carbon will be the elusive prize for the early movers in the renewable energy sector
AUSTRALIA’S clean energy sector is struggling because of delays in the imposition of an emissions trading scheme, leaving the renewable energy target system devised by the Howard government as the only reliable economic carrot worth chasing.
Business owners across the country are grinding their teeth at the delays in putting a price on carbon, the single most critical element in any energy regime that wants to increase the economic attractiveness of renewables and decrease reliance on coal-fired power generation, currently the cheapest system by a long way.