Australia's Chemical Industry to be Hurt by Carbon Tax (update)

(update with comment from Moody's)   Julia Gillard, Australia’s prime minister, disclosed plans over the weekend to tax the country’s 500 largest emitters of carbon dioxide (CO2), including chemical and plastics producers, to the tune of A$23 ($25)/m.t. of CO2. The proposed system would run for a period without any trading of permits, after which time the set price would be replaced by an emissions trading scheme featuring a market price. The scheme is due to start up on July 1, 2012.   According to the proposals, chemical and plastics...

Already an IHS Chemical Week member?
Login here

Forgot your user ID or password?
Click here to have it sent to you.

Click here for 6 months access to the lates news, data and statistics on sustainability.  PLUS all the news and analysis from the Chemical Week editorial team updated everyday on IHS Chemical Week