10 Jul '11, 2am

Australia sets carbon price at US$24.74

Australia sets carbon price at US$24.74

SYDNEY: Australia on Sunday said carbon pollution would be taxed at A$23 (US$24.74) per tonne, saying the move designed to fight climate change was a fundamental economic reform. Prime Minister Julia Gillard plans to tax Australia's top 500 polluters for their carbon dioxide emissions as a means of reducing pollution, changing energy use and building investment in clean sources of energy. "As a nation, we need to put a price on carbon and create a clean energy future," Gillard told a news conference in Canberra.

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific/vi...

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