Australian PM plans new carbon-pricing system

07/17/2013 | Guardian (London), The

Australian Prime Minister Kevin Rudd has announced he will shut down his country's carbon tax and introduce a market-based carbon-pricing mechanism. "The immediate impact of moving to a market-based ETS will be a drastic fall in the price of carbon," writes Oliver Milman, and business groups have largely praised the move.

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Guardian (London), The

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