26.06.2014 - Carbon tax versus emissions trading scheme: What's the difference?
The federal government has plans to abolish the carbon tax from July first onward and replace it with an emissions trading scheme (ETS). Both programs are aimed at tackling pollution by putting the onus on companies that produce carbon dioxide, but they go about it in very different ways. So what’s the difference between the carbon tax and ETS? The carbon tax was launched on July 1, 2012 by the Labor government to tackle the problem of pollution. Companies in Australia that emit over 25,000 tonnes of carbon dioxide are currently charged $25.40 per tonne emitted, payable to the Australian government...............................................Full Article: Source
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