Australia Carbon Price Seen Lower After Floor Scrapped, CMI Says
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Australia’s decision to abandon setting a minimum rate for carbon permits and instead linking it to the European Union market by mid-2015 will mean a lower price for carbon, the Carbon Market Institute said.
“Not having a floor price means, presuming that the price does ease off, we have a lower cost of compliance with the carbon tax,” Chairman Les Hosking told Australian Broadcasting Corp.’s Inside Business today. “In 2015, it means that we have a lower price for carbon.”