(MENAFN) Australia Treasurer, Wayne Swan, stated that the country would need to go on with its plans for a carbon tax to protect its prosperity despite threats of labor unions to oppose the plan due to the threats it posed to jobs, reported Bloomberg.
Swan also said that the plan of Prime Minister Julia Gillard would set a price on carbon emissions starting July next year. He pointed out that major companies such as Rio Tinto Group, Woodside Petroleum Ltd and BlueScope Steel Ltd had asked for changes in the plan and warned that it would cause some losses in jobs.
On the other hand, national secretary for Australian Workers Union, Paul Howes, stated that the steel industry should be exempted from the proposed carbon tax. He added that aluminum, glass and steel industries should be compensated if the tax would be applied.
It is worth noting that Swan stated the Australian government is considering giving assistance to trade-exposed industries in light of the new tax.