$23 carbon price, but fewer pay
THE government has dramatically slashed the number of companies hit by its carbon tax from 1000 to about 500, in a scheme expected to have a $23 a tonne starting carbon price.Australia's Carbon Emissions.
But the cost of the plan, which was to be broadly revenue neutral, has blown out to about $4 billion over four years from its start on July 1 next year. Most of the extra costs come upfront, from implementing the scheme.
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Companies that will be excluded include fuel suppliers and distributors. Firms emitting synthetic greenhouse gases, such as the refrigeration and air conditioning industries, will also be excluded under a special arrangement.
Overall, only 0.02 per cent of businesses will be directly liable to pay the carbon tax.
Australia's net Greenhouse emissions totalled 576 million tonnes of carbon dioxide equivalent, or about 1.5 percent of world emissions.Global Warming: A closer look at the numbers
Just how much of the "Greenhouse Effect" is caused by human activity?
It is about 0.28%, if water vapor is taken into account-- about 5.53%, if not.
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