| Just over one year after a carbon price was introduced in Australia, the government has decided to transition from a fixed carbon price to a flexible carbon price a year earlier than planned. Much has been made of the “termination” of the carbon “tax”, however few appreciate that Australia’s Carbon Pricing Mechanism, which started on July 1, 2012, was never really a tax in the true sense.
It was always established as an emissions trading scheme, but one which began with a fixed price per tonne of carbon emissions, rather than a market driven price...............................................Full Article: Source
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