As other nations race to restructure their economies in line with a low-carbon future, Australia risks being left behind. An economy-shaping tax on fossil fuels is a conversation we must have.
- Professor of Economics, The University of Queensland
Climate bills in Australia and the US promise progress without carbon taxes or markets. Here’s why.
Right now, the safeguard mechanism meant to reduce emissions is not fit for purpose. Labor is exploring ways to fix it - and create a proper pollution market.
Scott Morrison’s pledge to spend billions on a Climate Solutions Fund is a thinly veiled rehash of the widely criticised Emissions Reduction Fund, which had much of its work undone by fine print.
Ipswich Council has stopped recycling and it’s likely that others around Australia will follow suit.
Australia’s flagship climate policy, has spent more than $2 billion on emissions reductions, yet big businesses could wipe all this out. Time to resurrect the idea of a simple carbon tax.
Would a chance to win a big cash prize make you more likely to recycle your old drinks bottles? Economic analysis suggests so.
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