[Science][Business] Response to the Carbon Tax Axe

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Where I read the article: Carbon tax scrapped: PM Tony Abbott sees key election promise fulfilled after Senate votes for repeal

Commentary:

Today marks a very important day in terms of politics and the concern for the environment. You will either be celebrating today or cringing your head on what the hell happened to Australia. 

“”Because the price of power is a component of just about every price in the economy, when the price of power falls, other prices should go down as well,”

 

“households will benefit on average by $550 a year from the repeal, with gas prices to fall by 7 per cent and electricity prices by 9 per cent.”

For those celebrating, you may be celebrating in the sense that Carbon Tax may mean goods and services will be cheaper now. Businesses that emit carbon emissions will now not be required to pay for the price on pollution, and automatically people would assume that we consumers would now have less financial burden. Period. 

For those however upset about the decision made in the Parliament House today, you are probably angry in the sense that nothing will really stop businesses causing greenhouse gas. The incentive for businesses to divert their resources away from using fossil fuels and try renewable energy methods will be gone, and that’s definitely bad news for the environment. 

Either way you think about it, I have simplified the effects and the Carbon Tax is no doubt a really complicated issue.  It’s also going to affect the future of  Australia’s economy and environment drastically. From my humble opinion, I tend to believe that the Carbon Tax is an effective general policy to encourage businesses who are polluting the environment to change the structure of the business, but I find that it is a bit too overwhelming for ordinary citizens who have to suffer from raising prices. But don’t worry, even though the Carbon Tax is gone and marks Australia as the first country to back away from environmental policies from an international perspective, we can still find other ways to preserve our environment. But ladies and gentlemen, time is running out.    

 

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