Federal, state and territory energy ministers agreed in May 2023 to make cutting carbon pollution an objective of key energy laws for the first time.Federal, state and territory energy ministers agreed in May 2023 to make cutting carbon pollution an objective of key energy laws for the first time.
Alan Pears, an energy expert and industry fellow at RMIT University, said the emissions reduction “value” was in effect a shadow carbon price that could have an “enormous” impact on the energy sector. The Gillard Labor government implemented a $23/t carbon price that took effect from July 2012. It was scrapped by the Abbott coalition government two years later, making Australia the first nation to introduce and then rescind a price on greenhouse gases.
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Source: 7NewsSydney - 🏆 16. / 63 Read more »