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Carbon Tax for Manufacturers

March 17, 2011 • Uncategorized

The Labor government announced plans for a fixed carbon emission price starting next year. Although the fixed price has yet to be determined, polluters will have to pay for their carbon footprints starting July 2010. While carbon emission is inevitable in manufacturing process, Australia, as the biggest exporter of coal, is one of the largest per-capital carbon emitters in the developed world due to a reliance of coal for 80% of electric generation.

Australia is among a small group of nations who put a national price on their carbon usage. The European Union and New Zealand has an active carbon trade scheme while some states in United States operates on regional schemes.

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