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Australia Axing Pollution Levy First U-Turn on Climate

2014-07-18 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Australias decision to repeal its levy limiting fossil-fuel pollution makes it the first nation to turn back from a market approach to fighting global warming. Prime Minister Tony Abbotts government won final approval from Parliament yesterday to scrap a levy about 300 companies paid for their carbon dioxide emissions. The move leaves Australia, the largest polluter per capita among industrial nations, without a system for reducing greenhouse gases as it prepares to host a meeting of the Group...

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