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Australia Scrapping Pollution Levy Marks First U-Turn on Climate

Discussion in 'News & Current Events' started by carpro, Jul 17, 2014.

  1. carpro

    carpro Well-Known Member
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    http://www.bloomberg.com/news/2014-...ution-levy-marks-first-u-turn-on-climate.html

    Australia Scrapping Pollution Levy Marks First U-Turn on Climate


    Australia’s decision to repeal its levy limiting fossil-fuel pollution makes it the first nation to turn back from a market approach to fighting global warming.

    SNIP

    (Prime Minister)Abbott won a landslide election victory last year for his Liberal-National coalition that he said gave him a mandate to throw out the “toxic tax” on carbon, which was triple Europe’s carbon price. The government estimates the repeal will save the average family A$550 a year in lower electricity prices and make Australian companies more competitive.
     
  2. Rolfe

    Rolfe Well-Known Member
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    Good move. Australia isn't hot enough. :laugh:
     
  3. carpro

    carpro Well-Known Member
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    The UN is very unhappy.

    Their little carbon tax piggy bank is going bye bye. :wavey:

    Just when they thought things were going so well.
     
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