<
https://theconversation.com/ross-garnaut-and-rod-sims-have-proposed-a-100-billion-a-year-fossil-fuel-tax-and-its-a-debate-australia-should-embrace-223722>
"Leading Australian economists Ross Garnaut and Rod Sims this week sought to
shake up the carbon policy debate in Australia, by proposing a tax on the
nation’s fossil fuel production. They claim it could raise A$100 billion in its
first year and position Australia at the forefront of the low-carbon
revolution.
The proposal has been rejected by the federal government and the Nationals, as
well as business groups and the fossil fuel industry. The Greens have thrown
their support behind the idea.
Garnaut and Sims have characterised their proposal as a “levy”. But it’s
essentially a tax, applied to one sector of the economy: exporters of fossil
fuels such as coal and gas, as well as importers of oil and diesel.
Australia’s recent political history tells us the road to a carbon tax is not
smooth. However, as other nations race to restructure their economies in line
with a low-carbon future, Australia risks being left behind. Whether to
introduce a major, economy-shaping tax on fossil fuels is a conversation
Australia must have."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
