28.07.2014 - Australian Repeal Deals Blow to Global Carbon-Emission Plans
Australia's repeal of a pioneering tax on carbon emissions has dealt a sharp blow to struggling international efforts to coordinate on global warming and comes ahead of key climate-change talks next year. On July 17, Australia's parliament pulled the plug on the 2012 tax, which charged 348 businesses such as steelmakers and power companies A$25.40 (US$24) per ton of carbon dioxide emitted. The levy was slated to evolve next year into an emissions-trading system that would link to the European Union's...............................................Full Article: Source
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