A carbon trading scheme must also deal with the gap between rich and poor.
Now that the Federal Government has resolved the question of tax versus cap-and-trade for Australia's carbon cost-internalisation strategy in favour of the trading option, focus is shifting to the appropriate details for our emissions trading model.
A great deal of attention is being given to the impacts that a cap-and-trade scheme might have on industry ("Manufacturers count cost of carbon", BusinessDay, 25/6), consumers and businesses, ("Householders to bear the brunt of trading scheme", BusinessDay, 25/6) and the poor ("Carbon footprint of rich twice that of poor", 16/6).
This is a critical time for ensuring that any national carbon pricing scheme is integrated with the wider social frameworks on which it will depend if it is to be effective in meeting the immediate aim of reducing carbon emissions and the ultimate aim of contributing to the long-term wellbeing of present and future generations of Australians.
See full Article.
Posts
