‘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 itGet our breaking news email, free app or daily news podcastThe 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. Continue reading...