A nameless RFF staff member:
Australian Prime Minister Tony Abbot revealed a draft bill last week that would repeal the country’s controversial carbon tax. The current per-ton tax, introduced by previous PM Julia Gillard, began as a fixed-price emissions scheme that would switch to market trading in 2015. Abbot’s alternative plan, which pays companies that keep pollution below a set standard, is viewed by many as “a less efficient way of cutting emissions.” …
Everyone loves subsidies!
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