Carbon Plan Passed by Senate as Gillard Seeks Public Support

Carbon Plan Passed by Senate as Gillard Seeks Public Support

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, which burns coal to produce about 80 percent of its electricity, plans to operate the world’s largest cap-and-trade system after Europe’s.