Nov 14, 2011
You'll Come a Carbon Taxing With Me...
Australia became the second major economy to tax carbon on Tuesday. Because of its heavy reliance on coal, Australia is one of the largest emitters of carbon per capita. Starting in July 2012, the country’s 500 biggest polluters will pay A$23 (US$23.7) per ton of carbon, and will switch to a carbon trading market by 2015. The country will also simultaneously invest more than A$13 billion on renewable and clean energy projects. The plan aims to cut the country’s emissions by five percent, down to 2000 levels, by 2020. Read more from Environmental Leader.