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Australia to cut carbon floor price, link to EU scheme

Mon, 08/27/2012 - 10:25pm
Reuters

CANBERRA (Reuters) - Australia will scrap its planned floor price for carbon emissions and will link directly with the European Union's emissions trading scheme by 2018, Climate Change Minister Greg Combet said on Tuesday.

Australia, one of the world's highest per capita emitters of pollutants blamed for causing climate change, imposed a fixed A$23 ($23.88) per ton carbon tax on around 300 of its biggest polluting companies in July, covering around 60 percent of emissions.

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