Feds plan to establish a “floor price” on carbon pollution of $10 a tonne in 2018, rising to $50 a tonne by 2022.
Carbon Tax Mining News
The majority of existing retail electricity contracts do not factor in a cost for carbon, however they do contain clauses that allow for an adjustment to be made in the event of a carbon price being introduced. Energy Action urges businesses to review energy contracts in preparation for the carbon tax.
Australian mining tycoon Clive Palmer will be mounting a High Court challenge against the Government's carbon tax, he told ABC News’ 7.30 Report.