Australia will set a price on carbon emissions next year in preparation for a trading program that could begin as early as 2015 aimed at curbing greenhouse gases.
The government will impose a price starting on July 1, 2012, Prime Minister Julia Gillard said in a statement today. The amount of the tax, which Gillard didn’t specify, will be fixed for three to five years before the trading system begins and will then be determined by the global market, according to the statement.
