A carbon pricing scheme is being mooted by the Turnbull government to encourage the industry to come forward with carbon savings to fund the government’s climate policy.
Key points:A review of the country’s carbon emissions will begin by the end of this year, with a carbon tax expected to be in place by the middle of 2020It will be a $25 billion project to clean up the emissions from the country and reduce emissions by 25% by 2030The government will seek support from industry to achieve the targetThe carbon pricing proposal will be announced on November 9, and will involve introducing a carbon levy that would be paid to every household, company and enterprise.
“We need to have a plan for our economy to get off its feet and start getting carbon back into the system,” environment minister Greg Hunt said.
“It is about creating the kind of environment we need to be successful in the future.”
I want to make sure that we have the right policies to do that.
“The carbon price is expected to generate $1.7 billion over four years.
The review will look at the state of the economy and climate change, but it will also look at how the country can get ahead of the challenge of meeting its 2020 climate change target.”
The review is a really important one and a good opportunity to get us a much more realistic assessment of what we are going to need to do to get a real return on our investment in the economy,” Mr Hunt said on Wednesday.”
And then make sure we get it through the parliament, and get it to our government.
“Mr Hunt also revealed that the Government was considering whether to make carbon trading a national policy.”
Mr Cameron said he was confident the review would find a way to ensure the price for carbon was the right amount.””
That will be our next step.”
Mr Cameron said he was confident the review would find a way to ensure the price for carbon was the right amount.
“There is a good chance it will be the right price, but we will find out in the next 12 months,” he told Sky News.