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The Australian government has repealed the carbon tax scheme punishing polluters in favour of a "direct action" program of providing financial incentives to red

The Australian government has repealed the carbon tax scheme punishing polluters in favour of a "direct action" program of providing financial incentives to reduce pollution.

anigbrowl 12y ago
So instead of carbon costs being passed onto consumers, their taxes will be used to provide green subsidies instead? Seems like some perverse economic incentives there.
- dwd 12y ago
  You really need both the carrot and the stick, what is an incentive for one organisation may not be for another. But funding green initiatives is not in this government's agenda as the vote to strip ARENA of $432 million went through, apparently leaving it only $100 million to invest in new projects over the next four years.
- adamconroy 12y ago
  On top of that, the most likely thing is that they will increase the GST to fund this, which of course has the most relative impact on the less wealthy.
retroencabulato 12y ago
A damn shame. ANU just published a study finding the carbon price was effective at curbing emissions too [1]. Oh well... [1] https://ccep.crawford.anu.edu.au/publication/ccep-working-paper/4388/impact-carbon-price-australias-electricity-demand-supply-and https://ccep.crawford.anu.edu.au/publication/ccep-working-pa...