carbon tax in law 24,02,2011

The Prime Minister announced details of the scheme at a joint press conference with Greens leader Bob Brown and Senator Christine Milne, as well as independent MPs Rob Oakeshott and Tony Windsor.

The carbon price will increase annually and funds generated will be used to compensate households and increase energy efficiency in the economy.


"You get judged ultimately in this Parliament by what you decide to do and what you deliver, and on this side of the Parliament we are determined that from July 1 (2012) we will price carbon."

"The Australian people have voted for change. They voted for a carbon price, and this Parliament gives us the opportunity," she told Parliament.

------------------Ms Gillard

The main points are:

?Fixed carbon price to be implemented on July 1, 2012
?Price to be announced at a later date, but will increase annually
?Fixed price to remain for three to five years before switching to cap-and-trade system
?Level of compensation for business and consumers still to be determined
?Agriculture to be excluded from carbon price
?Farmers will be compensated for reductions

http://www.abc.net.au/news/stories/2011/02/24/3147898.htm



IFN, COZ, SP already going up, EGL should be the next.