Australia’s Carbon Plan Passes as Gillard Faces Asylum Fight

Australia’s Carbon Plan Passes as Gillard Faces Asylum Fight

Carla Gottgens/Bloomberg

Steam billows from the cooling towers of Great Energy Alliance Corp.'s Loy Yang coal-fired power station in the Latrobe Valley, Australia. Australia, the developed world’s biggest per-capita polluter, plans to make about 500 companies pay A$23 ($22.90) a ton for their carbon emissions starting in July 2012, before switching to a cap-and-trade system three years later.