setUoYouRPROFILE's blog: "tufui"

Carbon pricing will have only a third of the cost impact of the GST, while driving new jobs and innovation, Prime Minister Julia Gillard says. A day after the parliament passed her carbon pricing legislation, Ms Gillard was greeted with more than a minute of applause as she addressed the Carbon Expo business forum in Melbourne on Wednesday. She said carbon pricing, which will start on July 1 next year, will provide efficient carbon abatement at the lowest economic cost "An inbuilt incentive to innovate,burberry outlet cheap linking global markets and aimed at meeting evidence-based emissions targets," she said. "The carbon price has a small beginning, less than one-third of the price impact of the GST, yet the scale of the transformation it unleashes will be immense. "Within the space of just 38 years, 2012 to 2050, well within the lifetime of most people in this room, our nation will cut nine out of every 10 tonnes of the carbon pollution we would otherwise have released into our atmosphere." Ms Gillard said the change would touch every home and workplace. "A new industrial revolution that will change the way we live and change it for the better," she said. She said the opposition's talk of repealing the laws was "juvenile". Asked what businesses should do from today, Ms Gillard said she was confident companies would think about the many creative ways they could cut their carbon pollution. A number of companies have expressed concern about the high starting price of $23 a tonne, compared with the current European price of around $10 and falling. Ms Gillard said the carbon price drop in Europe was not unexpected given Europe's volatile economy. "We have worked on the long-term price," she said. "I think the important price point, in terms of the international price, is when we move three years in to the floating price and the international linking.