Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses
Green Car Congress
JULY 10, 2011
The price ceiling will be set at A$20 above the expected international price and will rise by 5% in real terms each year. However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise. These include implementing mandatory CO 2 standards for light vehicles.
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