Taxes out, subsidies in: Australia and the US are passing major climate bills – without taxing carbon
7 Sep 2022

The United States recently passed its largest climate bill ever and Australia is set to usher a 43% emissions target into law this week - but neither bills mention taxing carbon dioxide to discourage emissions.
Despite economists saying a tax is the most effective way to reduce emissions at a low cost,
Australia was the first country in the world to introduce and remove a price on carbon which is a 'sign of how fraught the idea has been'.
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