Climate Spectator
After announcing on Sunday the details of its carbon pricing package – including a starting price of $23, rising 2.5 per cent annually plus inflation and moving to a market-based emissions trading scheme in 2015; the creation of a $10 billion clean energy finance corp; and compensation measures including raising the income tax-free threshold to $18,000, as well as other tax cuts and subsidies for nine out of 10 households – the Gillard government's deal is set to be put before parliament in August and is expected to pass with approval of several independents. It will also pass through the Senate, thanks to the support of the Greens.
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