«Putting a price
on carbon pollution allows Australia to reduce its net emissions by at least 155 million tonnes (Mt) in 2020 and 390 Mt in 2030», claims the Minister's media release.
Not exact matches
It would set overall limits
on carbon dioxide
pollution, but would
allow companies to pollute more by paying for it and buying
pollution credits from cleaner companies.
The new EPA rules could encourage
carbon - trading programs
on the East and West Coasts, in which the government issues tradable and salable permits for
carbon pollution to current polluters, then over time ratchets down the amount of
carbon allowed under each permit.
So you get the odd spectacle of Smith going before the Senate to denounce cap - and - trade — the widely endorsed idea that the Government should set a national ceiling
on carbon emissions and then
allow companies to buy and sell
pollution credits —
on populist grounds.
These equity concerns include: the regressive impact of potential energy price increases
on low - income households; the potential for
carbon pricing policies to
allow some fossil fuel - fired power plants or refineries to continue to operate and emit air and water pollutants in neighborhoods already burdened by
pollution; and the economic hardship to workers and communities dependent
on fossil fuel industries for livelihoods or for their tax base as we transition away from these resources.
Putting an appropriate price
on carbon pollution will force the coal industry and the coal - fired electric utility industry to internalize the cost of that
pollution, which they are now
allowed to foist off
on everyone else.