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Australia urged to take a leaf from EU on carbon tax

Posted on 26 April 2013

The Australian Industry Group (AIG) - representing 60,000 businesses spanning manufacturing, services and the mining industry - has continued its lobbying of the Australian Government on carbon tax, drawing on the rejection by the European Parliament of proposals to increase the cost price of purchasing carbon allowances.
The EU parliament was considering whether to force an increase in the cost of carbon allowances, which must be purchased by companies whose operations significantly damage the environment. Due to a surplus of carbon allowances available for purchase, the cost of allowances has fallen steadily since the introduction of the EU’s carbon trading scheme, reducing the incentive effect of the scheme for businesses to adopt environmentally-friendly practices………………………………………..Full Article: Source


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