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