A price on carbon is back on the agenda following yesterday's announcement of a minority Gillard Government says Dr Peter Christoff of the Department of Resource Management and Geography at University of Melbourne, but an emissions trading scheme like the one pushed by Labor in its first term is unlikley.
“In securing Greens' support in the lower house, Labor agreed to the formation of a Climate Change Committee of experts and parliamentarians, to consider the issue of a carbon price. Its composition, mandate and timing are yet to be determined, but the three independents and the Green supporting Labor in the lower house will certainly hasten its work,” Dr Christoff says.
“However Rob Oakeshott and Tony Windsor both opposed the CPRS last year. Meanwhile, the Greens proposed an interim levy but rejected an emissions trading scheme - or any other measure - that rewards or exempts big polluters.”
“So an interim carbon levy, or an emissions scheme which excludes major compensation for big polluters, is now likely - especially once the Greens gain the casting vote in the Senate from the middle of next year," he says.