Australian Industry On Offensive Against Imminent Carbon Tax

Australia’s carbon tax of $23 a ton, due to be implemented beginning on 1 July, has been deeply unpopular with Australian industrialists since it was first proposed, who argue that it will make industry uncompetitive. Now the opponents have a new ally in the form of a forecast produced by Bloomberg New Energy Finance, one of the world's leading emissions pricing forecasters, which is predicting that carbon prices could fall as low as $5 by 2020. Bloomberg New Energy Finance last week briefed the nation's largest emitters of its…

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