Carbon Tax on Australia

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The Australian government will launch the carbon tax legislation from July 1st 2012, in real terms this will mean that the rate will increase in 2013 – 2014 by 2.5%. It is believed the rate will further increase in 2014-15. After 2015, the carbon price will be determined through market trade, which will be regulated by government permits and international carbon credits, also called the Certified Emission Reduction credits or CERs.

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