Tuesday, July 09, 2013

Carbon tax proves effective

Australia carbon emissions fell 7% in first year of carbon tax: report - Electric Power | Platts News Article

1 comment:

Jay Alt said...

That is good news and a greater reduction than I expected.

Previously, Gillard had pledged they'd cut that same amount, a 160 million tons, over 8 years. Will efforts in AU now stagnate, having committed not to raise their C price for 2 years? Or will the tax should continue to drive CO2 cuts for the foreseeable future? News stories do make it sound as if their RE efforts are bright.

Or could this be a variation of America's 'Yo-Yo' RE policies, as tax credits appear one year and expire the next?

It is early. At this point the AU carbon tax appears to me an effective but clumsy tool.