carbon tax- $20/tonne to collect $10 billion

Following article copied from EGL thread. In my view EGL (MC $7.1 Million, Annual revenue $30 million+ , no debt) and IFN are the two companies that will significantly benefit from the oncoming Carbon Tax.


Posted Thu Jan 21, 2010 9:03am AEDT
Updated Thu Jan 21, 2010 9:17am AEDT

"get moving immediately, bringing the start date back to July 1 2010."
"get moving immediately, bringing the start date back to July 1 2010."
"get moving immediately, bringing the start date back to July 1 2010."

"The Australian Greens are proposing that the federal government introduce a $20/tonne carbon tax as a two year interim measure while an Emissions Trading Scheme can be agreed upon. The Greens are proposing that Professor Ross Garnaut's suggestion of a two year carbon price, fixed at $20 a tonne, be implemented. This interim measure in the transition to a functional and effective Emissions Trading Scheme would provide a $5 billion dividend for households and further revenue to invest in renewable energy, energy efficiency and other emissions reducing options."


http://www.abc.net.au/news/stories/2010/01/21/2797559.htm

http://qld.greens.org.au/content/front-page-content/greens-propose-carbon-tax-as-interim-measure

"It is very clear that the Government doesn't have support for its carbon pollution reduction scheme but it is equally clear that we must introduce a price on carbon so that we start to rein in Australia's emissions from fossil fuels," she said.

Interim scheme: The Greens want carbon to be priced at $20 a tonne for two years (freefoto.uk)
The Greens are attempting to break the political deadlock over emissions trading by suggesting an interim two-year scheme with a fixed price on carbon.

Greens Senator Christine Milne is writing to the Government and the Opposition proposing a carbon price of $20 a tonne.

"The Greens are proposing as an interim, two-year measure, starting in July this year, that we introduce a $20 carbon price. Now that is what Professor Garnaut argued when he released his report, saying that you could do this for an interim period."

"The Greens say their plan would generate $5 billion to compensate households, with the same amount for renewable energy and energy efficiency."

"It was first suggested by Professor Garnaut to start the emissions trading scheme system with a fixed price and I believe that it's even more relevant now in the political deadlock that we're finding in Parliament."