Anxious investors want to see price on carbon
13 Mar 2017
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AUSTRALIA should put a price on carbon or risk investors moving their money out of the country, says a group representing more than $1 trillion worth of investment in New Zealand and Australia.
Australia’s carbon tax and plans for an emissions trading scheme were scrapped in 2013 and replaced with a system in which the Government buys emissions reductions from companies in a reverse auction.
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COMMENT: Have you ever ticked the box to “fly carbon neutral”, had something delivered via “carbon-neutral shipping” or chosen to pay a bit extra to buy “carbon-neutral gas” from your energy retailer?
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