Government gives Emissions Trading Scheme a longer rein in 2022

A Stuff article.

Bills for petrol, diesel and natural gas could all get a little more painful next year – after the Government decided to give our galloping carbon price a slightly longer rein.

To encourage individuals and businesses to stop burning fossil fuels, everyone must pay a price for each tonne of carbon dioxide they emit. The market price is currently $50 per tonne, teetering at an upper guardrail the Government set last year.

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