‘Not radical, it’s fair’: Australian households would receive compensation in proposed ‘polluter pays’ levy scheme
Superpower Institute report fleshes out 2024 call from Labor heavyweight Ross Garnaut to re-embrace carbon pricing 12 years after Tony Abbott axed it
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The Albanese government could make deep emissions cuts and restructure an ailing federal budget by taxing polluting companies more than $35bn a year for the damage they cause to the planet, according to a report backed by senior economists and ex-public servants.
The analysis by the Superpower Institute - overseen by the longtime Labor adviser Ross Garnaut and former consumer watchdog chair Rod Sims, and supported by ex-Treasury head Ken Henry - makes a case for the introduction of a polluter pays levy" on companies that extract or import fossil fuels consumed in Australia.
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