Thursday, July 22, 2010

India Puts Price on Carbon

One of the flimsy excuses for doing nothing on climate change is the line about waiting for the rest of the world. It's irrational because if every nation thinks that way, nothing will ever happen. But it's also misleading because so many nations are already doing so much more than Australia (and the US).

This week I read that India has introduced a carbon tax on coal. It is expected to raise 25 billion rupees (535 million dollars) which will be used to fund renewable energy.

Meanwhile Australia doesn't even have a carbon price - and the government isn't promising one anytime soon. Apart from the effect on our planet, it's also kind of embarrasing that a developing country like India is ahead of us - a so-called "advanced country".

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