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No happy return on carbon tax

Posted on 24 June 2013

Will he, won’t he? Will she, won’t she? Maybe only her hairdresser knows for sure. But regardless of whether Labor’s soap opera ends with a bang or a whimper, one thing seems a sure bet - the carbon tax, a year old next week, won’t survive to a second birthday.
Nor should any tears be shed at its demise. The tax’s premise was that the world was moving to binding agreement on emissions reduction, with Treasury assuming a “co-ordinated international regime” would ensure “a harmonised world carbon price” by 2016. Scarcely believable when it was made, that assumption is now plainly delusional………………………………………..Full Article: Source


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VRS - who has written 37214 posts on Opalesque Commodities Briefing.


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