Info!
UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.

Carbon tax repealed in Australia

Australia’s Senate has voted to repeal the carbon tax, a levy on the biggest polluters passed by the previous Labour government in July 2012, according to media reports. Prime Minister Tony Abbott, whose Liberal-National coalition beat Labour in an election last year, had made the repeal a central part of his election manifesto, claiming it penalised legitimate businesses. The tax charged the 348 highest polluters A$23 (£13; $22.60) for every tonne of greenhouse gases produced. It is understood the Prime Minister proposes to replace the tax with a A$2.55bn taxpayer-funded plan under which industries will be paid to reduce emissions and use cleaner energy.

News Item details


Journal title: Petroleum Review

Region: Asia-Pacific

Countries: Australia -

Subjects: Taxation, Carbon emissions

Please login to save this item