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Markets bet on carbon repeal …and a new carbon price

Posted on 12 September 2013

A new analysis from research firm Bloomberg New Energy Finance suggests that the Coalition will succeed in repealing the carbon price after the new Senate sits from July 1 next year, but will come under intense pressure to produce its own carbon pricing mechanism.
The BNEF assessment says that the market is “mired by uncertainty,” despite Tony Abott’s sizeable election victory. Even though Labor and the Greens have vowed to fight the repeal of the current carbon pricing mechanism, energy markets are pricing in an 80 per cent likelihood that it will be repealed within 12 months………………………………………..Full Article: Source


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