Global carbon prices and wind power growth

If Australia puts a price on carbon – tax or trading – we are not going it alone.

The Climate Institute commissioned Vivid Economics to look at electricity in Australia, China, Japan, South Korea, the United Kingdom and the United States.

It compared clean energy incentives and carbon costs – the graphic illustrates 2010.

Australia has the second lowest price, which arguably results in far less innovation and support for clean technology growth. And the impact is tangible with Chinese wind power capacity now greater than the USA. Its set to expand by another nine America’s in the next 10 years.

Climate institute report here, Greenpeace and Global Wind Energy Council here.