Ross Garnaut and Rod Sims have proposed a $100 billion-a-year fossil fuel tax – and it’s a debate Australia should embrace
- Written by: Ian A. MacKenzie, Professor of Economics, The University of Queensland
ShutterstockLeading Australian economists Ross Garnaut and Rod Sims this week sought to shake up the carbon policy debate in Australia, by proposing a tax on the nation’s fossil fuel production. They claim it could raise A$100 billion in its first year and position Australia at the forefront of the low-carbon revolution.
The proposal has been...