Arab Today, arab today australiaeconomy stronger with carbon tax
Last Updated : GMT 21:10:43
Arab Today, arab today
Arab Today, arab today

Australia : economy stronger with carbon tax

Arab Today, arab today

Arab Today, arab today Australia : economy stronger with carbon tax

Sydney - AFP

Australia\'s economy will continue to grow strongly if a carbon price is introduced, Treasurer Wayne Swan said Tuesday and warned of a possible backlash over coal exports if Canberra failed to act. Making deep cuts in carbon pollution would not cripple the economy, with modelling showing growth in real national income rising at an average annual rate of 1.1 percent per person until 2050 with a carbon tax, he said. This compares with growth of 1.2 percent without a levy on pollution. \"Don\'t believe the vested interests who argue Australia must choose between a stronger economy and decent environmental outcomes,\" Swan told the National Press Club. \"Jobs will still be created, industries will prosper, and our economy will continue to grow strongly with a carbon price.\" Swan said employment would also continue to grow if the government proceeded with its plans to place a pricing mechanism on pollution, with modelling showing no significant difference if a carbon tax was introduced. \"By 2020, national employment is projected to increase by 1.6 million jobs, while at the same time growth in domestically-produced pollution slows,\" he said. The treasurer said Australia was the world\'s worst per capita carbon emitter and could not afford to be left behind as other countries transformed their economies to reduce emissions blamed for global warming. \"No first-rate, first-world economy will be anything other than a clean-energy economy into the future,\" he said. While the world would continue to burn Australian coal, a major export for the economy, the nation also needed to export technology that would make the fossil fuel more viable in the future, he added. \"Today Australia has a relatively low-emission coal sector, and we expect it to continue to grow as the world moves to cut its emissions,\" he said. \"But if we don\'t innovate further, we run the risk that the rest of world will impose a penalty on our exports in the future.\" The centre-left Labor government of Prime Minister Julia Gillard wants to introduce a tax on 1,000 major industrial carbon polluters by mid-2012, with this giving way to a market-based mechanism within 3-5 years. But the plan has been attacked by the conservative opposition, which claims it will send jobs offshore, hurt industry and raise the cost of living for Australians who will face higher energy costs. Swan said a report by the Productivity Commission to be released Thursday would show that seven of Australia\'s top 10 trading partners have already adopted policies to reduce pollution and support clean energy. \"The approaches vary from country to country, but the report will make it clear that market mechanisms are a far more cost-effective way than other approaches like regulation and subsidies,\" he said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australiaeconomy stronger with carbon tax Arab Today, arab today australiaeconomy stronger with carbon tax

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday