Carbon tax to be introduced in parliament next month

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Melbourne: The carbon price is to be introduced in Australia’s Parliament next month and should be a law by the end of the year, the country’s federal government said.
Australia’s Climate Change Minister Greg Combet said the Government is keen to get the legislation through both houses of parliament before Christmas so that it can stick to its timetable of having it take effect on July 1 next year.
“I’ll be bringing the legislation into the House of Reps in September,”Combet was quoted as saying.
“We’ll establish the processes in due course within the parliament, but [we want it to get] through the House of Reps and through the Senate this year,”Combet said.
Under the scheme, Australia’s 500 highest-polluting companies will pay USD 23 for every tonne of carbon pollution they emit from July 1 next year.
Households will get tax cuts and entitlement boosts to offset higher power and other costs.
Combet also criticised Opposition Leader Tony Abbott for telling his party room yesterday to keep the carbon tax debate civil, saying that it is Abbott himself who is whipping up a fear campaign. (PTI)