Electricity markets are showing Australia’s biggest polluters will have to pay for their carbon emissions regardless of who wins the Sept. 7 election.
With Prime Minister Kevin Rudd seeking to reduce the cost of CO2 permits to an estimated A$6 ($5.48) a metric ton and his rival Tony Abbott vowing to scrap carbon prices altogether, power futures signal the cost of emissions will be about A$10 a ton by 2015, up from A$7 two months ago, according to Deutsche Bank AG and Westpac Banking Corp.
