ARTICLE · 15 JULY 2011

Overview of the Carbon Tax Scheme

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The Government has proposed to introduce a Carbon Tax scheme.

AustraliaEnvironment

Stephen O'Flynn

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Overview of the Carbon Tax Scheme

The Government has proposed to introduce a Carbon Tax scheme from 1 July 2012. The new legislation will put on a price on carbon in a bid to reduce Australia's carbon pollution.
The carbon tax will be targeting the nation's top polluters by requiring them to pay a fixed price of $23 per tonne of carbon pollution released into the atmosphere. It is estimated that around 500 businesses will be affected initially.
The fixed price will increase by 2.5% annually in line with real world inflation, over a three year period:

2012-2013	2013-2014	2014-2015
$23 per tonne	$24.15 per tonne	$25.40 per tonne

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