A place to convene. A place to discuss. A place for ideas.

Aussies Adapt To Carbon Tax

By Ideas Lab Staff August 2, 2012

Australians get on with the business of adapting to a controversial new carbon tax, as Ecoimagination.com reports.

Australia’s announcement of a carbon tax last month triggered mixed reactions about the requirement that hundreds of mining, energy and other industrial firms must pay $24 for every metric ton of greenhouse gas emitted. But Ecomagination.com reports that many people regard the news as an opportunity to improve energy and resource efficiency.

Ben Waters, GE’s director of ecomagination for Australia and New Zealand, told Ecomagination.com that the tax will create new jobs and help spur investment in renewable energy.

Here is an excerpt from the Q&A with Waters and the online publication:

Q: What have Australia’s historically low energy prices done to energy efficiency in the country?

Waters: Due to the low costs of energy in Australia, we are one of the most carbon intensive developed economies in the world.

The country is sitting on 700 years’ worth of coal, he said, adding that the bounty means cheaper power prices which haven’t historically encouraged energy efficiency.

Q: Many businesses are generally supportive of curbing emissions but hesitate when it comes to signing on for a plan with specific costs. How do you get them to embrace a specific plan?

Waters: There is a need to act on carbon pricing. Government has legislated. Business should now swing into action and get on with making money and creating customer value in the new environment.

He also said that countries and companies that embrace cleaner energy and use energy more efficiently “will be quicker to respond to the opportunities for new jobs and new investment.”

Read more here.