By the end of 2019, there will be enough revenue to pay for a full carbon tax, and it will be a tax on carbon emissions that will be levied on the economy.
There are also many other things the government is likely to do to protect the environment, including: More funding for green infrastructure, like the massive green infrastructure network we’re now seeing around Australia.
More money to combat climate change.
It’s important to note that the government doesn’t intend to start imposing a carbon tax in 2019.
In the short term, the government has announced that it’s looking at a carbon levy on emissions, but it’s also exploring other options to reduce greenhouse gas emissions, including an increase in fuel excise taxes.
There’s also talk of a carbon price, but this would likely come with a catch-up phase, in which the tax would increase as the economy gets better at reducing emissions.
If we’re serious about fighting climate change, it makes sense for governments to have some kind of revenue-raising mechanism in place, and that means we need to be ready to see a carbon-tax plan as soon as 2019.