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Australia scraps carbon floor price, agrees EU link

Posted on 29 August 2012

Australia and the European Commission on Tuesday agreed to link their carbon trading schemes by 2018, allowing Australian companies to buy cheaper EU carbon credits and providing a much-needed boost for the flagging European market.
Australia will also scrap its planned A$15 ($15.58) a metric ton (1.1023 tons) carbon floor price when its emissions trading scheme starts in July 2015. Australia’s carbon tax is fixed at A$23 a metric ton………………………………………..Full Article: Source


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