Today PM Julia Guillard outlined Australia’s plan to tackle climate change, through introducing a price on carbon pollution. The fixed-price scheme will transition into a trading scheme in which carbon permits can be traded in an international marketplace. This incentivises business to invest in reducing their carbon pollution through such activities as sustainable business practices and green energy. The price on carbon will be integrated into the Government’s Carbon Farming Initiative (CFI) whose legislation will be brought to Parliament shortly. The price effectively establishes a market for the credits that will be created through the CFI. The Press Release The Prime Minister Julia Gillard today outlined the Government’s plan to cut pollution, tackle climate change and deliver the economic reform Australia needs to move to a clean energy future. This is an essential economic reform, and it is the right thing to do. The two-stage plan for a carbon price mechanism will start with a fixed price period for three to five years before transitioning to an emissions trading scheme. The Government will propose that the carbon price commences on 1 July 2012, subject to the ability to negotiate agreement with a majority in both houses of Parliament and pass legislation this … Continue reading Introducing… Mr Carbon Price