International Carbon Lunacy in Dire Straits: Australian carbon tax cut scrapped as carbon tax fails; European carbon trading ‘chaos’ blamed

We owe the Euros and Aussies a debt of gratitude for proving that carbon trading and taxing is lunacy.

The Australian Financial Review reports:

Federal Minister for Climate Change Greg Combet has confirmed the government will defer $1.4 billion of tax cuts that were supposed to be funded by revenue associated with the carbon tax at next week’s budget.

Mr Combet said the tax cuts would be deferred until the carbon price recovered to $25.40 after it was linked with the European carbon price in 2015.

About these ads

2 responses to “International Carbon Lunacy in Dire Straits: Australian carbon tax cut scrapped as carbon tax fails; European carbon trading ‘chaos’ blamed

  1. Carbon trading is worse than indulgences, and all experience proves it, and the carbon nannies will try to impose it anyway.

  2. luisadownunder

    Our Prime Minister, Juliar Gillard, has just decided to defer the Carbon Tax until “the price of carbon rises”. I wish her all the luck in the world.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s