10 Jul '11, 3am

Australia, one of the world's biggest polluters, sets tax on carbon pollution to help fight climate change

Australia, one of the world's biggest polluters, sets tax on carbon pollution to help fight climate change

Vapour pours from a steel mill chimney in the industrial town of Port Kembla, about 80km south of Sydney. -- PHOTO: REUTERS SYDNEY - AUSTRALIA on Sunday said carbon pollution would be taxed at A$23 (S$30.20) per tonne to help battle climate change, in one of the nation's biggest economic reforms in years. The move, which analysts said starts to bring Australia's response in line with that of Europe, is seen as a make-or-break issue for the fragile coalition government of Labor Prime Minister Julia Gillard who unveiled the tax on Sunday. 'As a nation, we need to put a price on carbon and create a clean energy future,' Ms Gillard told a news conference in Canberra. Under the scheme to begin on July 1, 2012, about 500 of Australia's top polluters will pay the fixed price per tonne for their carbon dioxide emissions for the first three years. The mechanism would then shift int...

Full article: http://www.straitstimes.com/BreakingNews/World/Story/STIS...

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