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. 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?

  2. 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.

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