In June 2010, Julia Gillard defeated Rudd in a leadership challenge thus becoming Prime Minister of Australia. Shortly afterwards she called a federal election. During the election campaign Gillard stated that she supported a price on carbon emissions and that she would prosecute the case for action for as long as she needed to win community support. However, she also indicated that she would not introduce carbon pricing until there was a sufficient consensus on the issue, and she specifically ruled out the introduction of a "carbon tax".(Paul Kelly and Dennis Shanahan, 2010)
When it was introduced on July 1, 2012 its primary goal is to reduce the country’s total emissions of greenhouse gases (GHGs). Initially it is only the Australia’s first 500 highest polluting companies that were expected to pay a flat charge of $23 AUD per ton of CO2-e produced. Now I think the number of companies that are being taxed have increased. And this rate is estimated to change and likely to increase to 2.5 percent above inflation rate annually. The Australian government thought that it will be a solution to the problem of climate change and an investment in a clean energy source.As we know, the country
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