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Australia Scraps Carbon Price as Abbott Meets Election Vow

Australia’s Senate voted to scrap the nation’s price on carbon, fulfilling a key election pledge by Prime Minister Tony Abbott and leaving the nation without an approved mechanism to tackle emissions.

The repeal bill was passed 39 votes to 32 in the 76-member upper house today, dismantling a law introduced by the previous Labor government that initially charged polluters A$23 ($21.50) per ton of greenhouse gases emitted.