Monday, November 21, 2011

Australia comes clean after deal on carbon emissions cap

Worst offending companies will have to pay tax penalty from next year

Australia, one of the world's worst per capita carbon emitters, yesterday passed landmark laws to introduce a tax on polluting industries, capping a period of unprecedented political turmoil that toppled a prime minister and an opposition leader.

The vote in the Senate, the parliamentary upper house, makes Australia only the second country outside the European Union to embrace a nationwide carbon-capping scheme. Advocates of climate change action hope it will give new impetus to calls for a global agreement at next month's UN talks in Durban.

See full Article.