carbontax

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  • Australia drops carbon tax in favor of paying industries to use clean energy

    by 
    Jon Fingas
    Jon Fingas
    07.18.2014

    For years, Australia has tried to fight polluters through a carbon tax that charges the most egregious offenders based on their greenhouse gas emissions. Prime Minister Tony Abbott doesn't believe that this strategy is helping much, however, and has just won a Senate vote that scraps the tax altogether. The nation will instead spend $2.55 billion AUD ($2.4 billion US) on the Emissions Reduction Fund, an attempt to curb pollution by paying industries to both reduce their emissions as well as use clean energy sources like solar and wind farms. In theory, it's a win-win: the average Australian home saves money ($550 AUD per year, Abbott's government says), but companies still have an incentive to use eco-friendly technology.

  • Microsoft puts a price on carbon, says its footprint will be neutral by July

    by 
    Donald Melanson
    Donald Melanson
    05.09.2012

    We've seen quite a few tech companies boast about their environmental efforts in recent years, and it looks like you can now also add Microsoft to the list of those attempting to be carbon neutral. As you might expect, while that includes some alternative energy efforts and energy-saving measures, it also makes use of a carbon offset program to make up the difference, which will see Microsoft put money into an internal fund for emissions it's not able to offset through other means. That means Microsoft will be able to declare itself carbon neutral fairly soon -- by the start of the 2013 fiscal year, to be specific, which actually begins this July. You can find additional details on the initiative in the company's blog post on the subject, and yet more in the white paper linked below.