Federal Government proposes a price on carbon.

Today the Federal Government announced a new price on carbon starting from July 2012. It looks like it will be a straight price (or tax) on carbon emissions at first, with a transition to a "cap and trade" system in a few years. At this stage there are few details but these will be sorted out over the coming months.
The proposal has received a mixed reaction so far, as you would expect for such a proposal.
I am generally in favour of using the market as a means to reduce greenhouse gas emissions, however it's too early for me to decide whether I like the proposed plan or not. For a start I'd like to see a scheme that is simple to administer, that fosters innovation, that returns any revenue raised to the taxpayer and that doesn't exclude any of the main contributors to greenhouse gas emissions.
The proposal has received a mixed reaction so far, as you would expect for such a proposal.
I am generally in favour of using the market as a means to reduce greenhouse gas emissions, however it's too early for me to decide whether I like the proposed plan or not. For a start I'd like to see a scheme that is simple to administer, that fosters innovation, that returns any revenue raised to the taxpayer and that doesn't exclude any of the main contributors to greenhouse gas emissions.