The Federal Labor Government’s plan to cut pollution and tackle climate change has been welcomed by the Member for Grayndler, Anthony Albanese.
The two-stage plan for a carbon price mechanism will start with a fixed price period for three to five years before transitioning to an emissions trading scheme.
The Government will propose that the carbon price commences on 1 July 2012, subject to the ability to negotiate agreement with a majority in both houses of Parliament and pass legislation this year.
“This is an essential reform,” said Mr Albanese. “It makes environmental sense and it makes economic sense.”
“A carbon price is the cheapest and fairest way to cut pollution and build a clean energy economy.”
The Government will use every cent raised to:
- Assist families with household bills
- Help businesses make the transition to a clean energy economy
- Tackle climate change
Mr Albanese said the Federal Labor Government has already increased the Mandatory Renewable Energy Target to 20 percent, is investing $5.1 billion in the Clean Energy Initiative which includes the construction of up to four large-scale grid connected solar power stations, and has delivered more than 100,000 solar panels and 170,000 solar hot water systems into homes
Further information in relation to this plan is available at www.climatechange.gov.au