Rebates and Compensation for emission Trading Price Hikes
The Australian Federal Government is heading towards a system of rebates to protect consumers from price rises caused by an emissions trading scheme (ETS).
Cabinet has effectively ruled out direct compensation at point of sale for petrol and utilities, as that would not encourage cuts to carbon use.
The Government believes that by this system, Australians will modify carbon consumption even while they are quarantined from the full price impact of the ETS.
The ETS will penalise emission of carbon and other climate change gases from sources such as production of household electricity and petrol in family cars. Starting in 2010, it would put up the price of those energy forms because of their carbon content to urge us to limit their use.
But most Australians don’t know much about an ETS, according to an Essential Research poll released yesterday. The survey found 17 per cent of voters had never heard of it and 34 per cent had heard of it but didn’t know what it was.
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