Research commissioned by The Climate Institute shows compared the implicit price tag on carbon pollution from the electricity sector in Australia and five other countries. These countries account for just under half of global emissions.
The UK figure of US$29.30 is a long way ahead of the Australian price of US$1.70 per tonne.
Erwin Jackson, Deputy CEO of the Climate Institute says the debate on whether man-made climate change is real or not is delaying Australia’s entry into a low carbon future, which places a big risk on the international competitiveness of our industries. Our power generation sector, he says, is the seventh most polluting in the world.
Could we find ourselves so dependent on polluting industries that we become irrelevant in a low carbon world?