About 500 heavy polluting companies will pay a $23 per tonne carbon price from July 1 next year, under a plan unveiled by Prime Minister Julia Gillard. Affected businesses and workers will be helped, with $9.2 billion worth of assistance over three years. Low income households will also be compensated with a rise in the tax free threshold, from $6,000 to $18,000, and up to $338 per year extra for single pensioners. But will be compensation be enough and will the carbon price be effective in cutting Australia’s greenhouse gas emissions?
http://www.abc.net.au/rn/australiatalks/stories/2011/3261639.htm