Australia Repeals Controversial Carbon Tax - Quincy Herald-whig | Illinois & Missouri News, Sports

October 10, 2014

news src='http://i.imgur.com/fuLfGUO.jpg' width='200px' style='float:left;padding:5px' /> He plans to replace the measure with a taxpayer-financed AU$2.55 billion fund to pay industry incentives to use cleaner energy. Australia is one of the world's worst greenhouse gas emitters per capita, largely because of its heavy reliance on the nation's vast reserves of cheap coal for electricity. The carbon tax, charged to about 350 of Australia's biggest carbon polluters, was controversial from the start. Former Prime Minister Julia Gillard had initially vowed not to introduce a tax on carbon emissions. But after her Labor party was elected in 2010, she needed the support of the minor Greens party to form a government - and the Greens wanted a carbon tax. Gillard agreed, infuriating a public that viewed more... the measure's imposition as a broken promise. Labor's popularity plummeted, particularly when consumers saw their power bills soar. In reality, the tax accounted for a relatively small portion of that increase, but many blamed it for the hike nonetheless.
More: http://www.whig.com/story/26038869/australia-repeals-controversial-carbon-tax

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