Australia just announced government carbon price this month. The carbon price will be $23 for each tonne of pollution beginning on 1 July 2012.
According to PM press office, the price will rise by 2.5 per cent a year in real terms during a three-year fixed price period until 1 July 2015. Australian seems confident with the emerging carbon market in the next few years. The govt put the carbon price mechanism as the transition to an emissions trading scheme — where the price will be determined by the market
I summarize some points related to Australian carbon price:
- Australian assumed that market mechanisms were the most environmentally effective and economically efficient way of reducing pollution.
- The carbon price will be used as central element of the gov’t of Australia’s plan to move to a clean energy future. Carbon price revenue will also be used to support jobs and to invest in clean energy and climate change programs.
- For the first three years, starting from 1 July 2012, the price of each tonne of carbon pollution will be fixed, like a carbon tax
- Pricing on pollution will encourage companies to innovate and invest in new technologies to use energy more efficiently
- A carbon price will create economic incentives for the biggest polluters to reduce their emissions of greenhouse gases.
- Around 500 businesses will be required to pay for their pollution under the carbon pricing mechanism, with more than half of this revenue used to assist households with tax cuts, increased family payments and higher pensions, benefits and allowances.
- Australian carbon price maybe become the advanced policy that will be followed by another developed countries. It said that this is a significant reform that will tackle climate change and keep Australia’s economy prosperous and competitive as the world moves to a clean energy future.
A couple days after, a research publication reveals how forest plays a larger role in Earth’s climate system than previously suspected. The research was done by Australian scientists. It said that a benchmark study published in ScienceWooded areas across the planet soak up fully a third of the fossil fuels released into the atmosphere each year, some 2.4 billion tonnes of carbon. The study found that at the same time, the ongoing and barely constrained destruction of was shown to emit 2.9 billion tonnes of carbon annually –it’s equal to a quarter of all emissions generated from human activity.
I see Australia‘s taking step further and better than US in combating global warming. Some efforts to fight global warming not merely involving huge industries thus impacted on national economy. See some interesting climate change related-efforts below: