The Australia government’s new plan to place a A$23/t ($22.12/ton) tax on greenhouse-gas emissions starting next July will cost the domestic auto industry an estimated A$30 million-A$84 million ($31.6 million-$89 million) a year, experts warn. The tax will increase 2.5% a year, plus inflation, before the program changes to a market-based carbon-trading scheme in 2015. Prime Minister Julia Gillard says her plan to fight climate change will cut 144.2 tons (159 million t) of carbon ...
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