Showing posts with label floor price. Show all posts
Showing posts with label floor price. Show all posts

July 7, 2012

Australia's politically controversial carbon tax launched

Australia on Sunday imposed a price on carbon emissions but, even as it starts, the scheme's future is in doubt with conservative opposition vowing to repeal it and whipping up a scare campaign around it.

Australia on Sunday joins a growing number of nations to impose a price on carbon emissions across its $1.4 trillion economy in a bitterly contested reform that offers trading opportunities for banks and polluters but may cost the prime minister her job.