Unit1 Micro: Australia pass Carbon Tax

Yesterday, the Australian Senate passed a carbon tax. The Clean Energy Act will force the country’s 500 worst-polluting companies to pay a tax on their carbon emissions from 1 July next year. The government has set the initial price per tonne of carbon at A$23 ($23.80; £14.80), much higher than other similar schemes such as in the EU where the price is between $8.70 and $12.60 a tonne.

The country’s mining firms, airlines, steel makers and energy firms are among those expected to be hardest hit by the tax. Domestic fuel bills are expected to rise as companies pass on the costs to consumers. Opposition parties have argued that the tax would cause job losses and raise the cost of living. But the government hopes that the legislation will force innovation in renewable energy supplies, and free Australia from its reliance on fossil fuels.

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Unit 2 Macro: Evaluation on Supply-Side Policies [21 May 2012]
Unit 2 Macro: Migration and the UK Economy [20 May 2012]
Unit 2 Macro: The Importance of Productivity [20 May 2012]
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Unit 3 Micro: Innovation in Markets [10 May 2012]
Unit 2 Macro: Growth and Development Glossary [5 May 2012]
Robert Schiller - Finance and the Good Society [1 May 2012]
Unit 4 Macro: The Euro Zone Crisis (Revision) [22 Apr 2012]
Unit 3 Micro: The Third Industrial Revolution [20 Apr 2012]
Unit 1 Micro: Market Failure in Private Health Care [8 Apr 2012]
Unit 4 Macro: Productivity Improvements in China [3 Apr 2012]
Unit 1 Micro: The Collapsing Price of Carbon [3 Apr 2012]
Unit 2 Macro: Policies to Drive Economic Recovery [9 Mar 2012]
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The Economics of Climate Change - Stern 5 Years On [21 Feb 2012]
Unit 3 Micro: Video Resources on Carbon Taxation [5 Feb 2012]
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A2 Micro: Competition and Efficiency [19 May 2011]
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Innovation: Google’s Driverless Car [31 Mar 2011]
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EU Economics: Hopes for a low carbon future in Europe [3 Feb 2011]
James Dyson on Innovation [1 Feb 2011]
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Movie Rental on a USB Stick! [11 Dec 2010]
The Rise and Rise of Internet Monopolists [14 Nov 2010]
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A Driving Force behind British Excellence [8 Oct 2010]
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Three Perspectives on Innovation [26 Sep 2010]
100 Topical Examples of Business Innovation [14 Sep 2010]
Google Instant and Dynamic Efficiency [12 Sep 2010]
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Specific Supply Side policies [5 Jun 2010]
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Economics of the EU Revision - Carbon Taxes [26 May 2010]
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