Julia Gillard’s speech to the Australian Business Council – 15 November 2012
“In total around sixty per cent of the world’s GDP is either subject to a carbon price today, or has one legislated or planned for implementation in the two or three years ahead.
“International carbon markets will cover billions of consumers this decade. Ask the bankers at your table whether they want Australia to clip that ticket. We’re going to help them get their share.”
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Australia will be sending $57 billion a year overseas by 2050 in order to pay for “carbon credits” to meet the atmospheric targets the Labor government has set.
What’s the brokerage rate at carbon trading houses ?