Limping towards a carbon tax finish line

The carbon tax, which starts on Sunday, was a good idea introduced at the wrong time which will have unforeseen side effects –- some of which may lift rather than reduce Australia’s carbon output.

In fact the one of the forces that looks like reducing carbon output in Australia in the longer term is what is happening in the US which is developing a smarter carbon reduction policy than Australia.

As I have pointed out on many occasions by introducing a carbon tax at a time of steeply rising power prices Prime Minister Julia Gillard and her carbon man Greg Combet caused a dramatic swing in Australian views on carbon.

For the full story visit Business Spectator.

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