Tuesday, March 15, 2011

New study flags $60 carbon price

360investgroup

ELEANOR HALL: An Australian National University report says a price on carbon may have to be set at $60 a tonne if it's to drive down Australia's greenhouse gas emissions.

The study also calls for the Government to prioritise income tax cuts over industry assistance. The Government won't endorse the report's findings, but says it welcomes discussion about the issue.

In Canberra, Naomi Woodley reports.

NAOMI WOODLEY: Doctor Frank Jotzo is the Director of the Centre for Climate Economics and Policy at the Australian National University's Crawford School.

His latest paper on carbon pricing is released today and, in his view, the Government's decision to pursue a carbon tax followed by an emissions trading scheme should keep the economic impact of introducing a carbon price manageable.


Source: ABC News -

360investgroup