Australia, carbon dioxide, carbon tax, climate change, Obama, Tony Abbott

Australians Repeal Carbon Tax and CASE for Carbon Tax

By Institute for Energy Research —— Bio and Archives--July 17, 2014

Global Warming-Energy-Environment | Comments | Back To Full Article

The Australian government has voted to repeal its carbon tax, becoming the first major power to do so. For those (like us at IER) who believe carbon taxes harm consumers in exchange for no corresponding environmental benefits, the move signals benefit for the Australian people. Yet the episode also carries lessons for the U.S. debate: By showing the fragility of foreign participation in a carbon scheme, the Australians have also repealed the intellectual case for an American carbon tax.

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