Australian Prime Minister Kevin Rudd plans to move from a set carbon price to a floating emissions trading scheme (ETS) a year ahead of schedule, as the Labor party looks to claw its way back into contention for the upcoming elections by amending a widely unpopular policy.
The carbon price was introduced for a fixed period to help Australia’s 370 largest polluters adjust and plan for the ETS. However, a widening gulf between the set price in Australia and market-based prices in Europe added to discontent...
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