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Australia's Polluter Pays Levy Could Generate $35 Billion

1/28/2026

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Summary

Story summary

The Superpower Institute reports the Albanese government could raise over $35 billion annually with a 'polluter pays levy' on fossil fuel extraction and imports.
The plan would add a 'fair share levy' to raise taxes on local gas producers and compensate households for higher costs.
The report argues the levy could address the federal budget deficit and accelerate emissions cuts, starting at $17 per tonne of carbon dioxide (CO2).

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Story summary

The Superpower Institute reports the Albanese government could raise over $35 billion annually with a 'polluter pays levy' on fossil fuel extraction and imports.
The plan would add a 'fair share levy' to raise taxes on local gas producers and compensate households for higher costs.
The report argues the levy could address the federal budget deficit and accelerate emissions cuts, starting at $17 per tonne of carbon dioxide (CO2).