Hi there, MuchCompensation .. LOL, carbon taxes, ETSs, et al, are a bit confusing to me, too. Thanks for the 'incentive' question.
A major pollution problem? Not so much, i'm guessing, though we do have a big coal industry, many coal fired power stations and certain reliance on automobiles does create pollution in urban areas.
Am fossicking for some general information for us.
"What is the tax revenue intended to fund?" For now, let's get some bits of the link in my post [...] Guide to Carbon Pricing into the open .. will include some lead up info toward the answer to your question .. ????????????????????????????????????????????????????????????????????????????????????? .. lol .. What is a carbon tax?
It is a price on greenhouse gas emissions. It is an interim measure that will be in place until an emissions trading scheme can be introduced three to five years down the track.
What is an emissions trading scheme?
It is a market-based approach designed to control the amount of carbon pollution that is emitted into the atmosphere. The Government would set a limit, or 'cap', on the amount of greenhouse gases that can be emitted and a price put on carbon emissions.
Companies would be given, or sold, permits which give them the right to emit a specific amount of emissions. Companies that want to emit more pollution would have to buy more permits from those companies that require fewer permits. The process of transferring permits is called a 'trade'. The idea is that companies with high levels of pollution will have a strong financial incentive to reduce it.
Why do the Government and the Greens want to introduce a carbon price?
To tackle climate change and move to a clean energy future.
How much will the carbon price be?
Unknown, but a moderate price of between $20 and $30 a tonne could push up the average family's power bill by around $300 a year.
Will petrol prices be affected?
Unknown if fuel will be included in an ETS, however the Government has not ruled it out. The Federal Opposition said that if fuel is included, petrol prices could rise 6.5c a litre.
When will it start?
A fixed carbon price will be introduced on July 1, 2012, before moving to a cap and trade emissions trading scheme within three to five years.
What will the Government do with the money raised from a price on carbon?
The Government has said it would use the money to assist families with household bills, help businesses make the transition to an ETS, and any extra would go towards programs to tackle climate change. .. more .. http://www.heraldsun.com.au/news/national/dummies-guide-to-carbon-pricing/story-e6frf7l6-1226011769861 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ It's all part of Australia's effort toward addressing the solid scientific evidence that humans do contribute to global warming .. the Kyoto targets .. or is there something since? Revision required .. Ok .. here is an excerpt from a long one .. memories .. LOL .. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Global talks on climate change opened in Cancún, Mexico, in late November 2010 with the toughest issues unresolved and little expectation of a breakthrough on shaping an international treaty to curb emissions of the heat-trapping gases linked to global warming.
But there was muted hope among those who attended the Cancun meetings, sponsored by the United Nations, that small steps could be made on a decades-long journey to reduce the planetary threat of rising global temperatures.
The United States and China had significantly narrowed their differences on the verification of reductions in greenhouse gas emissions, according to officials in Cancun in early December, providing hope that the United Nations conference could achieve some modest success.
The verification issue, which cuts deeply on matters of national sovereignty and international trust, was a major factor in the torpedoing of climate negotiations in Copenhagen in 2009. But China has since significantly softened its position and the United States has moderated its insistence on the issue.
World leaders had gathered in Copenhagen in December 2009 for a session that had been years in the making but fell short of even the lowered expectations with which it opened. The 192 nations in attendance in Copenhagen merely agreed to try to reach a binding accord before a follow up meeting in Cancun in December 2010. But by the summer of 2010, Ban-Ki Moon, the United Nations Secretary General, said that no sweeping accord was likely, and recommended that a better approach might consist of small steps in separate fields that built toward wider consensus.
At the heart of the international debate is a momentous tussle between rich and poor countries over who steps up first and who pays most for changed energy menus.
Global Talks
The United States entered the Cancun conference in a weak position because of continuing disputes with China and other major developing nations over verification of emissions reductions, and its lack of action on domestic climate and energy legislation.
Democratic leaders in the Senate in July 2010 gave up on reaching even a scaled-down climate bill, in the face of opposition from Republicans and some energy-state Democrats. The House had passed a broad cap-and-trade bill in 2009. .. more .. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57585043&txt2find=kyoto ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Your stalled measure was, of course, the ... /////////////////////////////////// The American Clean Energy and Security Act of 2009 (ACES) [...] was an energy bill in the 111th United States Congress (H.R. 2454) that would have established a variant of an emissions trading plan similar to the European Union Emission Trading Scheme. The bill was approved by the House of Representatives on June 26, 2009 by a vote of 219-212, but died in the Senate.
This vote was the "first time either house of Congress had approved a bill meant to curb the heat-trapping gases scientists have linked to climate change."
The bill is also known as the Waxman-Markey Bill ... ////////////////////////////////// .. a couple of other bits and pieces ..
I've read that Australia contribute more carbon per capita than anywhere though this table (part here) ..
Per Capita Carbon Dioxide Emissions from the Consumption and Flaring of Fossil Fuels, 1980-2005 - Ranked Highest to Lowest in 2005 (Metric Tons Carbon Equivalent)
Urban air pollution a bit rough at times in places, downtown Sydney can be a bit rough at times, and when traffic is heavy on a road near where i live, yup, pollution is obvious. As by any heavily trafficked road about anywhere, i guess.
The WHO map here .. surprises me as, if i'm reading it right, it says Australia has more deaths per million from urban pollution than both North and South America. Zooming makes the print readable.
Those links are found in Countries of The World and all rankings are non CIA ranks, lol, am not sure what any difference would be.
SORRY about our dollar .. :) .. yep, relatively, it seems we are doing something right for now .. lol ..
Peace to you, my brother. Sounds good. Thanks very much for your visit. Hope all is well with you and yours.
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