Fed: Main points in the Australian Greens' proposed climate levy

AAP General News (Australia)
04-13-2010
Fed: Main points in the Australian Greens' proposed climate levy

Main points in the Australian Greens' proposed climate levy:



- The Greens propose to use the government's carbon pollution reduction scheme monitoring
and compliance structure to introduce a carbon levy of $20 a tonne, growing at CPI plus
four per cent each year.



- The $10 billion annual revenue would support household, commercial, industrial and
transport emissions reductions.



- It prevents the use of international offsets, as international trading is not possible
in the interim fixed-price period.



- It would be in surplus rather than deficit in the first two years.



- It is proposed to start on January 1, 2011.



AAP gd/rl/it

KEYWORD: CLIMATE (AAP FACTBOX)

2010 AAP Information Services Pty Limited (AAP) or its Licensors.