They will gain moral superiority and end 50 million years of droughts and floods.
Carbon tax bill is good news for Australia
Once the dust settles, the majority in Australia are likely to find that the bill will benefit them
Thanks to a narrow victory for the government, Australia now looks likely to join the EU and New Zealand in introducing a comprehensive policy to make carbon polluters pay for the damage they cause. This is very good news. It has been an uphill battle, with the opposition and business lobby all but claiming that the sky would fall in should the bill be passed.
But once the dust settles and the lamenting subsides, the majority of people of Australia are likely to find that the bill passed on Wednesday benefits them. Much of the money raised from the carbon price of £15 per tonne of emissions will be recycled in the form of tax breaks and compensatory payments.
Australia’s energy system is among the most polluting in the world thanks to its heavy reliance on coal, but Australia’s climate is vulnerable to the impact that climate change brings. Acting to reduce emissions is in the country’s self-interest in the longer term
Being out in front has its advantages and confers a moral superiority but there will always be forces of conservatism who will be made to feel uncomfortable. It is therefore more important than ever that countries in the early adopters group work together to defend their actions and encourage more into the fold.