Consumer confidence has fallen by 8.3% to its lowest level in two years, according to the Westpac-Melbourne Institute Consumer Sentiment Index. The drop has been connected to speculation about the impact…
Locking carbon dioxide in soils and crops also stimulates emission of other greenhouse gases like methane and nitrous oxide, a study found, meaning the capacity of land ecosystems to slow climate warming may have been overestimated.
Flickr/AndyCarvin
The ability of land ecosystems like crops and soils to slow down climate change may have been overestimated because some of these ‘carbon sinks’ actually emit more greenhouse gases than first thought…
Julia Gillard claims Peabody’s $5bn bid shows international confidence in the coal industry’s future.
AAP
Prime Minister Julia Gillard has claimed that US-based Peabody Energy’s $5bn takeover bid for Queensland’s Macarthur Coal represents an endorsement for the government’s carbon tax. But does Peabody’s bid…
Latrobe Valley’s longer term future will depend on the cost of building new gas-fired plants.
AAP
There appears to be lots of ‘doom and gloom’ around brown coal generation in Victoria’s Latrobe Valley under the carbon tax. It is far from obvious that this is justified – at least in the next few years…
A survey of 140 economists found 60% were in favour of the Gillard government’s carbon tax policy.
AAP
A survey of 145 economists released today found that 60% believe the Gillard government’s carbon tax is good economic policy. The carbon tax package, announced on Sunday, penalises 500 heavy polluters…
Tony Abbott says the carbon tax is “socialism by stealth”; but is it just “what’s in it for me” politics?
AAP
Opposition leader Tony Abbott claims the proposed carbon policy is “socialism by stealth”? I wish! I suspect we do need some emphasis on the common good and public benefits to counter the attempts to sell…
Without a carbon price, other countries may lose interest in our exports.
Joost J. Bakker IJmuiden/Flickr
In the lead up to the carbon price announcement, much of the criticism of the scheme has talked about the damage to Australia’s exports. But the move to price carbon could save us from a far worse economic…
Has this package got what it takes to get renewables off the ground?
Torresol Energy
In the lead-up to release of the carbon tax package, the government signaled a desire to end renewable energy support measures and rely solely on a carbon price to transform the Australian energy sector…
Households will bear more financial burdens as Gillard’s carbon tax regime matures.
AAP
The carbon tax is short-term carrot and long-term stick. The Coalition’s campaign against “a great big new tax” drove Gillard to introduce a tax for which most people and businesses affected will be compensated…
Does Gillard’s government’s household compensation package add up?
jypsygen/flickr
A major component of the government’s plans for a clean energy future is an assistance package to compensate for higher prices affecting households. The government will increase pensions, allowances and…
The Australian government announced on 10 July it would introduce a carbon tax at $23 a tonne in July 2012, rising 2.5% annually plus inflation and moving to a market-based emissions trading scheme in…
Counterintuitively, the carbon tax may make it harder to get a bus.
Dale Gillard/Flickr
Transport accounts for 14% of Australia’s greenhouse gas (GHG) emissions and has one of the fastest emission growth rates. Cutting our national emissions might, therefore, be expected to shine a blowtorch…
Many of Ken Henry’s changes have been adopted, but is it reform?
AAP
At first glance, the Federal Government’s carbon tax plan appears to carry out significant income tax rate reform in the guise of carbon price compensation. Indeed, the proposed tax rate reforms adopt…
The power to save money under a carbon tax is in your hands.
EssG/Flickr
Will paying a price for carbon dioxide emissions make our lives miserable and destroy the economy? No. In fact, the carbon price could make households and businesses better off if they take a few important…
The carbon tax media conference sets the scene for the slogans of tomorrow.
AAP
It began with the familiar sight of the Prime Minister standing behind a lectern, flanked by Australian flags. But unlike previous press conferences, she was joined by Treasurer Wayne Swan and Climate…
Tripling the tax-free threshold could be the spoonful of sugar that makes the carbon price palatable.
AAP
Two years ago Australian climate policy looked dead. Now we are on the verge of legislation that puts a carbon price through much of the Australian economy, alongside new schemes to support renewable energy…
Prime Minister Julia Gillard and Climate Change Minister Greg Combet address a press conference on Sunday. A carbon tax package announced today includes compensation measures and a radical overhaul of income tax policy.
ABC News24
The Australian government announced on Sunday it would introduce a carbon tax at $23 a tonne next July, rising 2.5% annually plus inflation and moving to a market-based emissions trading scheme in 2015…
When we debate a carbon tax, how much thought are we giving to our fragile, drought-prone continent?
Raiden256/Flickr
As the old saying goes, “the road to Hell is paved with good intentions”. On Sunday, the exhausting, almost decade-long battle to put a price on carbon pollution enters a new phase, when the MultiParty…
Will Steffen (left) in conversation with academic Will Grant (right): “The misinformation campaign that’s been prominent in the media … really is having an impact.”
Welcome to “In Conversation”, our series of discussions between leading academics and major public figures in Australian life. Today, we’re In Conversation with the academic whose research informed the…
With a carbon price, is it OK to start small?
ntr23/Flickr
There is considerable media speculation that the Government will announce a carbon tax applying to a much smaller number of companies than had previously been expected. As with much of what is announced…