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