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Australia: Coalition's plans to remove the carbon price will cost more than $6bn

2013-09-06 10:55:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The carbon price, famously described as an economic "wrecking ball" by Tony Abbott, will cost the budget a net $6.04bn to remove over the next four years, the Coalition's costings have revealed. The costings released by shadow treasurer Joe Hockey on Thursday show that if the Coalition wins power on Saturday it will save $7.47bn over the forward estimates from its key pledge to remove the carbon price, which is scheduled to move to a floating market-based system next year. The savings will...

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