(AUSTRALIA) Labor to impose carbon tax next year, ETS in 2015

JULIA Gillard plans to introduce a carbon price from July 1 next year and defy the Greens by insisting on compensation for the coal and electricity industries, in a move that will infuriate its minority government partner.

The Weekend Australian understands the government will present its multi-party climate change committee next week with a plan for a fixed carbon price to operate from July 1, 2012, until about 2015-16 when the regime will move to an emissions trading scheme.

FULL ARTICLE: http://www.theaustralian.com.au/national-affairs/climate/labor-to-impose...