We’ve all thought about it. We’ve all needed it. So here it is!
Here’s a bit of a low-down on how the Carbon Tax differs from an Emissions Trading Scheme.
Although both aim to reduce the level of carbon dioxide emissions into the atmosphere, there is a key difference between the Carbon Tax and an Emissions Trading System (ETS).
That difference is COST.
Whilst an ETS sets a cap on the level of emissions of CO2 released into the atmosphere, a Carbon Tax sets no limit but instead charges according to how much is emitted.
The ETS is set to be implemented in Australia in 2015.
So what do you think?
Do you think a Carbon Tax/Emissions Trading Scheme (ETS) will be successful in reducing carbon dioxide emissions?
Take our poll here:
Have your say!