Australia Going Green
Australia has gone a step forward towards going Green, the government in Australia has made a Law by implementing a carbon tax. This tax will cut the carbon emissions by 5 % and it is estimated that by the end of year 2050, the overall reduction in carbon emissions will reach an impressive 80%.
The bill faced lot of opposition as people were furious that price should not be put on carbon emissions. There was also an outcry that this law will cut thousands of jobs as companies focus would be to find simple and natural way for processing.
In terms of greenhouse gas emissions, Australia is among the largest producers from its coal processing fire stations and manufacturing plants.it was about time that country needed to set an example for the rest of the world in terms of producing cleaner energy.
The July 2012 deadline is set for companies to eliminate the carbon emissions. After that date companies will have to pay $23AUD a ton as a penalty. It is estimated that over 500 of the biggest polluters in Australia will be caught because of this law and heavy fines will have to be paid by these companies. It is the intension of the government that revenue generated from the application of this law will be used to subsidize mounting electricity bills which are too much to handle for the public. Government will also use big chunk of this money to help these polluters to find ways to switch to clean power sources like solar, wind and other energy sources. In the next 5 years the government will also invest heavily to make sure these renewable resources are available for small and large stakeholders.
The move is a positive sign and will be helpful in creating the momentum for world community to act seriously towards reducing the pollution from the environment. The lawmakers were celebrating after their success in implementing this law but the people who were against the implementation of this law were very unhappy and showed their anger by shouting at the Prime Minister inside the parliament. This law will not affect a common person or small business owners.
Categorised as: Carbon News