September 1, 2014 |
By
Keith Martin in Washington, DC
Australia rescinded a carbon tax in July that had been in effect for the past two years. Australia required about 370 large greenhouse gas emitters to pay A$23 per metric ton of carbon released. The tax rose to A$25.40 this year. The Australian government still has a goal of reducing carbon emissions by at least 5% below 2000 levels by 2020.
