In a landmark move, Australia has become the first nation to pass a law requiring companies to pay for carbon dioxide emissions. The Carbon Pollution Reduction Scheme, which was passed by the Senate on Wednesday, requires companies to pay a fee for every tonne of carbon dioxide they emit. The fees will be collected by the government and used to fund clean energy projects and other initiatives to reduce emissions. This new law marks a major shift in how Australia is addressing climate change, and is expected to have a positive impact on the country’s economy and environment.

Read Full Article Here

source: Phys.org