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2010-06-24

Also on Gillard's new political climate

Comments on Giles Parkinson “Gillard's new political climate”, 24/06/2010, http://www.businessspectator.com.au/bs.nsf/Article/Gillards-new-political-climate-pd20100624-6Q2H5?OpenDocument&src=sph
The ETS was flawed and it has been a good thing for Australia it didn't get passed and was also good the government didn't spend much on advertisement.

The much more sensible approach is to introduce a low starting carbon levy or tax on energy consumptions and distribute the proceeds to every resident in Australia equally.

Also the levy can also be extended and applied to imports in terms of carbon contents. It may compensate low carbon emission countries from that levy. In this way there should be no or little trade distortions from a unilateral carbon tax from Australia.

In that way there is no or little distortions and exemptions and is revenue neutral and is much more likely to have the public support and most businesses.

It will be very simple and easy to sell.

The government can then provide additional incentives to further encourage production of low emission energies, if it has the financial capacity to do so.

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