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Australia’s EU carbon link faces risks, lawyer says

Posted on 17 October 2012

Higher carbon prices in Europe would challenge Australia’s willingness to link its new greenhouse-gas market with the world’s largest as rising compliance costs hurt emitters, according to a lawyer.
By agreeing to link to the European Union market, Australia handed control of its carbon price to a bloc that has a more ambitious climate target than its own, Martijn Wilder, a partner at Baker & McKenzie LLP, the Sydney law firm, said………………………………………..Full Article: Source


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