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Abbott May Fail to Scrap Australian Carbon Price, BNEF Says

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Australian opposition leader Tony Abbott, favored to win the Sept. 14 election, is unlikely to fulfill his pledge of scrapping the nation’s carbon price, according to Bloomberg New Energy Finance.

While Abbott’s Liberal-National coalition is leading in opinion polls and likely to win office, it probably won’t secure enough seats in parliament’s upper house Senate to repeal Prime Minister Julia Gillard’s Clean Energy Act, Seb Henbest, a Sydney-based carbon analyst for BNEF, wrote in a report published today.