Australia to abandon carbon tax in favor of cap-and-trade

Frying pan to fire.

The Canberra Times reports:

Mr Rudd is expected to push for the fixed-price carbon tax to shift to a market-priced emissions trading scheme as quickly as possible, potentially denying the government billions of dollars in revenue.

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3 thoughts on “Australia to abandon carbon tax in favor of cap-and-trade”

  1. A carbon tax is a bad idea but it at least is honest about its nature. A cap-and-trade scheme creates a market that trades money and enriches somebody but by destroying wealth instead of creating it.

  2. Didn’t Rudd say if he became PM there would be no more tax on CO2?
    Wouldn’t that make him as big a lier as Gallard?

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