Rudd Seeks to Ditch Carbon Tax With Eye on Election Campaign
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Prime Minister Kevin Rudd plans to accelerate Australia’s move to emissions trading, scrapping predecessor Julia Gillard’s clean-energy policy that’s left the nation with the world’s highest carbon price.
Rudd seeks to bring forward by a year to 2014 the move to a floating price on carbon, Treasurer Chris Bowen said yesterday in an interview with Channel Ten’s “Meet The Press.” Australia’s fixed carbon price is four times higher than Europe’s. The move came as the ruling Labor party drew even with the coalition in an opinion poll after Rudd ousted Gillard as leader last month.