Latest News:  
Beijing   Sunny    32 / 21   City Forecast

Home>>World

Australia's carbon tax will pass parliament despite minority gov't: Treasurer

(Xinhua)

09:22, August 29, 2011

CANBERRA, Aug. 28 (Xinhua) -- Australian federal Treasurer Wayne Swan on Sunday said the carbon tax will pass parliament, even though there's a minority government.

Swan noted that the May federal budget, the first under the minority government arrangement, passed more quickly than any of Swan's previous budgets.

He said the carbon price legislation, due to be introduced in the next sitting period in September, would be no different.

"It will go to the parliament, it will be debated and it will pass," he told Sky News on Sunday.

"We've had a particularly difficult political debate surrounding all that but the record speaks for itself."

Swan said passing the carbon tax will show the world Australia has clear policy goals.

There have been oppositions to the carbon tax, saying that Australia should not impose the tax ahead of a global agreement, and the move will hurt export industry, as well as to slow growth and lower living standard.

However, Swan said extreme interpretation of economic data by sections of the media was not helping confidence in Australia's economy.

"That does send a difficult message into the lounge rooms and kitchens of Australia where people are sitting there and saying on the one hand we're talking about a resources boom and strong investment pipeline and on the other what they see is a lot of uncertainty and turbulence in the international economy," he said.

"We don't need some of the more extreme interpretations that we see in the media ... that when a piece of data comes out we get the downside interpretation of that data and we get it multiplied by 10."

The 24.5 U.S. dollars a ton of carbon tax will start from July 1, 2012. The tax is set to increase 2.5 percent each year for three years, and will switch to Emissions Trading Scheme in 2015.

As a result of last year's Aug. 21 federal election, Labor party secured support from the Greens and three independent members to form minority government.

Email|Print|Comments(Editor:陈乐乐)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Hurricane Irene approaching New York

  2. Pretty hot! Underwear models parade in Kiev

  3. Bayern wins, Cologne stuns Hamburg at German Bundesliga

  4. 7th birthdays of pandas Tuantuan and Yuanyuan celebrated in Taipei

Most Popular

Opinions

  1. Europe threatened with banking casualties
  2. Two years of Chinese Weibo, highs, lows and all
  3. China to allow foreign direct investment in RMB
  4. French president makes unexpected visit to China
  5. Reflect on negative effects of Libya war
  6. Is over-urbanization causing China's inflation?
  7. Will China repeat Japan's 'lost decade?'
  8. China must be wary of genetically modified food
  9. Tough decade may lie ahead for world economy
  10. US' flooding dollars must not be condoned: scholar

What's happening in China

Military training to start college life

  1. Knocking sound signals life in flooded mine
    in NE China
  2. Coal mine safety so far this year
  3. Plan sets out details for human rights development and implementation
  4. Ancestral villages all gone with the flow
  5. First official electronic chart in service

PD Online Data

  1. The Yi ethnic minority
  2. The Salar ethnic minority
  3. The Tu ethnic minority
  4. The Pumi ethnic minority
  5. The Naxi ethnic minority