View Full Version : Australia plans to impose carbon tax on worst polluters

10th July 2011, 11:48 PM
Prime Minister Julia Gillard said carbon dioxide emissions would be taxed at A$23 ($25; 15) per tonne from 2012.

The country's biggest economic reform in a generation will cover some 500 companies. In 2015, a market-based trading scheme will be introduced.

Households are expected to see consumer prices rise by nearly 1%, and the move has been criticised by the opposition.

Critics argue the levy would damage economic competitiveness.

Australia is one of the world's worst emitters of greenhouse gases per head of population.

The country relies on coal for 80% of its electricity generation, and is a major coal exporter.