| 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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