Carbon Tax: Government Revenue and Climate Policy

carbon tax: Labor's climate policy, released on Monday, extends the coalition's safeguard mechanism to set up a cap and trade system for industrial polluters, according to Nine News Australia. There will be no carbon tax, carbon pricing mechanism, or government revenue, Opposition Leader Bill Shorten said. To improve your experience update it here News National Industry key to Labor's climate plan By AAP12 08pm Apr 1, biggest polluters will have to cut their emissions but could find themselves making money doing so under a Labor government. The 250 biggest polluters must either cut their emissions or buy credits to offset any above a baseline level, and they would again be allowed to buy from international markets. What we need is cuts in pollution. The government has attacked this aspect, with Prime Minister Scott Morrison saying it would force Australian business to spend money on carbon credits for Kazakhstan . Opposition climate change spokesman Mark Butler disagreed, saying Australian companies were allowed to trade in every other kind of international market. (news.financializer.com). As reported in the news.