Australia carbon tax repeal a 'perfect storm of stupidity', say experts
Published on Jul 20, 2014 11:35 AM
SYDNEY (AFP) - Australia's axing of its carbon tax and a plan to replace it by offering incentives to polluters to increase their energy efficiency is "the perfect storm of stupidity", scientists and academics argue.
The repeal of the divisive levy, a fundamental pledge of the conservative government at elections last year, has been warmly welcomed by farming, industry and mining groups.
"The carbon tax was a dead weight on the Australian economy and abolishing it is a win for consumers, a win for energy users and a win for business," said Australian Chamber of Commerce and Industry head Kate Carnell.
Minerals Council of Australia chief Brendan Pearson agreed, saying: "The removal of the world's biggest carbon tax is an important step towards regaining the competitive edge that Australia lost over the last decade".
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