‘Not radical, it’s fair’: Australian households would receive compensation in proposed ‘polluter pays levy’ scheme
Superpower Institute report fleshes out 2024 call from Labor heavyweight Ross Garnaut to re-embrace carbon pricing 12 years after Tony Abbott axed itGet our breaking news email, free app or...
By Adam Morton Climate and environment editor · The Guardian World
Superpower Institute report fleshes out 2024 call from Labor heavyweight Ross Garnaut to re-embrace carbon pricing 12 years after Tony Abbott axed it Get our breaking news email , free app or daily news podcast The Albanese government could make deep emissions cuts and restructure an ailing federal budget by taxing polluting companies more than $35bn a year for the damage they cause to the planet, according to a report backed by senior economists and ex-public servants. The analysis by the Superpower Institute – overseen by the longtime Labor adviser Ross Garnaut and former consumer watchdog chair Rod Sims, and supported by ex-Treasury head Ken Henry – makes a case for the introduction of a “polluter pays levy” on companies that extract or import fossil fuels consumed in Australia. Continue reading...