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Australia plans to scrap carbon tax, bring forward trading scheme

2013-07-16 03:38:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Australia's government moved on Tuesday to scrap its carbon tax and bring forward an emissions trading scheme a year earlier than planned, a policy shift certain to be a focal point in an election likely to be held within weeks. Prime Minister Kevin Rudd said he wants the fixed price on carbon emissions to end on June 30, 2014. A floating carbon price, or emissions trading scheme (ETS) that will be linked to the European carbon market, will start the following day. Rudd said the change would...

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