Australia brought in its hotly contested price on carbon emissions on 1 July. To the chagrin of industry, the ‘carbon price’ means a levy of A$23 ($22) per tonne of carbon emitted.
Part of a raft of Clean Energy Future legislation, it applies to hundreds of companies and covers most sectors of the Australian economy, including airlines and transport. The price is designed to encourage high-polluting companies to clean up their act, and boost energy efficiency.
