OECD Study: Aussie carbon tax hurt competitiveness –rather than reducing emissions, sent jobs overseas

The Autralian reports:

OECD research has backed Coalition claims that Australia’s pioneering carbon pricing is damaging its competitvieness, with energy-intensive industries shifting offshore to countries that do not tax carbon.

The study says the only way this can be stopped is if regions with carbon prices, such as the EU and Australia, start imposing tariffs on imports from countries that have not taken action, but it concedes this could fall foul of the World Trade Organisation.

Coalition climate change spokesman Greg Hunt said the study exposed the damage the carbon tax was causing.

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