A carbon tax can have economic, not just environmental benefits for Australia

Sat, 2 Sep 2023 11:33:21 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://theconversation.com/a-carbon-tax-can-have-economic-not-just-environmental-benefits-for-australia-210380>

"A new study has found that a carbon tax, accompanied by “revenue recycling”,
can produce both environmental and economic benefits for Australia.

Revenue recycling means money reaped from a carbon tax would be redirected back
into the economy. This means the money accumulated from the tax would be
redistributed between different stakeholders in the economy without increasing
the government’s revenue.

To be more specific, the tax income should be used to support consumption,
invest in new research and development projects, and subsidise energy saving
and pollution reducing programs. Using this approach makes the tax more
politically appealing to companies and other opponents."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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