A Carbon Tax for Australia
12 July 2011
It's finally announced, Australia will have a carbon tax of $23 per tonne of CO2 emitted. This is said to be the highest such tax in the world but it will be limited to 'about 500' of the biggest emitters. The Government says that it can't reveal which these are to the public because commercial privacy laws prevent it from naming them.
Some companies have already 'gone public' and it is clear that prominent among them are the major thermal power generators and perhaps airlines. Some like BlueScope Steel (previously BHP Steel) will be granted a grace period before the tax comes into effect. In this case it is publicly announced that the company has been granted a two year grace period with possible extensions, limited to its core (iron and steelmaking) emissions.
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