Australia just announced government carbon price this month. The carbon price will be $23 for each tonne of pollution beginning on 1 July 2012.
According to PM press office, the price will rise by 2.5 per cent a year in real terms during a three-year fixed price period until 1 July 2015. Australian seems confident with the emerging carbon market in the next few years. The govt put the carbon price mechanism as the transition to an emissions trading scheme — where the price will be determined by the market
I summarize some points related to Australian carbon price:
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