the Chamber of Mines has said a delay of the past seven years for the proposed draft carbon tax bill would be advantageous, as there has not been a proper regulatory impact assessment of the economic costs and benefits of imposing such a tax. The Chamber, which still needs to scrutinize the proposed bill, says a delay in the publishing of the bill will be advantageous given the absence of a proper regulatory impact assessment on the economic costs and benefits of imposing such a tax. Imposing a carbon tax bill would also make Australia the first developing country to do so and it is argued that the bill would not materially reduce global carbon emissions as the country contributes 0.9% towards the global total.
the Chamber of Mines has said a delay of the past seven years for the proposed draft carbon tax bill would be advantageous, as there has not been a proper regulatory impact assessment of the economic costs and benefits of imposing such a tax. Imposing a carbon tax bill would also make Australia the first developing country to do so and it is argued that the bill would not materially reduce global carbon emissions as the country contributes 0.9% towards the global total.