Australia will scrap its planned floor price for carbon emissions and will link directly with the European Union's emissions trading system by 2018, Climate Change Minister Greg Combet said today (28 August).
Australia, one of the world's highest per capita emitters of pollutants blamed for causing climate change, imposed a fixed €19.08 per tonne carbon tax on around 300 of its biggest polluting companies in July, covering around 60% of emissions.
The €12.45 floor price was due to underpin the scheme when it moved to a floating emissions trading scheme in July 2015. Read more...
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