Why Australia's Carbon Tax Bombed

Why Australia's Carbon Tax Bombed

When Australia repealed its carbon tax last week, environmentalists around the world rent their garments and beat their breasts. “We are taking a monumentally reckless backward leap even as other countries are stepping up to climate action,” John Connor, chief executive of Australia’s Climate Institute, told The New York Times. The Green Party’s Elizabeth May lamented that it “sends the wrong signal to the world. ”

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