Teals MP Endorses ‘Carbon Pricing’ Amid Economists’ Call for Carbon Tax Levy

Teals Federal MP Allegra Spender has thrown her support behind “carbon pricing” for Australia after leading economists proposed a fossil fuel tax. Ross Garnaut and Rod Sims, who founded the Superpower Institute, propose a carbon tax known as the “carbon solutions levy” before 2031 that would raise more than $100 billion a year for clean energy. Under the proposal (pdf), a carbon solution levy would be payable on all emissions from fossil fuels wherever they occur in the world. Ms. Spender said broad tax reform is required, and this should include a carbon price and halting fossil fuel support. “We need broad tax reform and I believe everything should be on the table—including a future carbon price,” Ms. Spender said....