Australia to tax worst polluters
Sydney — Australia says it will force its 500 worst polluters to pay 23 Australian dollars ($25) for every metric ton of carbon dioxide they emit in a bid to reduce the nation's greenhouse gas emissions.
The government released details of its deeply unpopular carbon tax plan on Sunday. Some of the money from the tax will be used to help compensate households that will be hit with higher power bills.
Prime Minister Julia Gillard sought to reassure wary Australians that the tax will only cause a minority of households to pay more. Gillard says the tax is critical to helping the country lower its massive carbon dioxide emissions.
Australia is one of the world's worst greenhouse gas polluters, due to its heavy reliance on coal for electricity.