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Government shelves $1.4bln carbon pledge

Posted on 09 May 2013

The $1.4 billion worth of tax relief had been planned for July 2015 as compensation for the fixed carbon tax converting to a market-based emissions trading scheme.
The Government had expected the carbon price to rise from about $25 to $29 a tonne. But next week’s Budget is tipped to slash that prediction to about $15. It means the cost of tackling pollution will be halved, but it will also punch a $4.5 billion hole in the Budget for 2015. ……………………………………….Full Article: Source


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