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India’s de facto carbon tax is excessive
Posted:Feb 7, 2017
 
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Julia Gillard, the first and only woman prime minister of Australia, introduced a carbon tax in July 2012, after getting it duly passed by the legislature. The tax was A$23 per tonne of carbon, which was fixed for an initial period of three years. Less than 12 months later she lost her job, and had to resign. Such was the intensity of the orchestrated backlash against this carbon tax. It was seen as an unnecessary burden on industry, increasing energy costs, hurting Australia’s competitiveness and leading to inflation. By July 2014, the Senate had repealed the Australian carbon tax. Remember, Australia is one of only two countries that back in 1997 did not ratify the historic Kyoto Protocol to curb global greenhouse gases. The other country was the US.
 
Twenty years after Kyoto, there is much greater awareness and support for measures to mitigate climate change. Who knows, if a similar tax were introduced in Australia today, it might actually pass and get popular support. Even China is proactively trying to bring an emission trading system that will put an implicit price on carbon. A total of 194 countries have enthusiastically signed the Paris Agreement, and have promised to aggressively cut greenhouse gas emissions in a time-bound manner. Presidents Barack Obama and Xi Jinping together signed up to the Paris deal, in a great symbolic ceremony last year. But currently under President Donald Trump there is apprehension that the US may back out of even the international Paris Agreement.
 
Read more at:http://www.livemint.com/Opinion/3s3lXBCY4Ixi0JeB5N9rYL/Indias-de-facto-carbon-tax-is-excessive.html
 

Livemint, February 8, 2017

 
 
 
 
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