Australia Carbon Tax

July 16, 2013 - 1:35 AM
FILE - In this Friday, July 8, 2011 file photo, smoke bellows out of a chimney stack at Bluescope Steel works at Port Kembla, south of Sydney. Australian Prime Minister Kevin Rudd said Tuesday, July 16, 2013 he will transform a deeply unpopular carbon tax a year ahead of schedule, in a bid to cut costs to households as a national election looms. The fixed-price carbon tax on Australia's worst industrial polluters, which went into effect in July 2012, was supposed to remain in place until 2015. At that point, it was set to be replaced by an emissions trading scheme, in which the cost of producing a ton of carbon would be determined by free market forces. (AP Photo/Rob Griffith, File)