Professor Warwick McKibbin on Australia's Carbon Tax

Lowy Institute Professorial Fellow and ANU Professor Warwick McKibbon discusses Australia's new carbon tax. Professor McKibbon criticises the value of the tax to Australia and its role in reducing carbon emissions worldwide. Why we need a price on carbon 0:00 How does it work? 0:22 Main features of Australia's carbon pricing system 1:05 Problems with the carbon tax 2:18 Carbon tax and China 5:43 Domestic policy in the international system 6:57 How could it have been done differently? 7:42 A sensible climate change policy 8:32 Domestic impact of carbon pricing 10:55 The Opposition and Direct Action 12:12 International perceptions of the carbon tax 13:15See omnystudio.com/listener for privacy information.