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.
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.