Carbon price in a nutshell according to the Australian Youth Climate Coalition (AYCC)

Australian Prime Minister Julia Guillard announced the major details of the carbon price (carbon tax) at midday today flanked by Climate Change Minister Greg Combet and Treasurer Wayne Swan. The package entails substantial compensation to middle and low income households, taxpayers, pensioners and self funded retirees. It also establishes a $10billion renewable energy fund. More on the details and responses later. Here is a short video from the Australian Youth Climate Coalition explaining the policy in a nutshell.

"Using the latest in Power Point technology, the AYCC communications team has been up all night preparing this short explanation of how the Gillard Government’s announced carbon price will work." explained Glen in posting this video on the AYCC website.