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Examples
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SINGAPORE—Asian stock markets were lower Monday with Australian shares falling on concerns over a carbon-tax plan, while the Shanghai market consolidated in a narrow range as investors digested the latest inflation data.
Carbon-Tax Plan Hurts Sydney Shares Shri Navaratnam 2011
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Australian shares were hit hard by concerns about a carbon-tax proposal unveiled by the government over the weekend.
Carbon-Tax Plan Hurts Sydney Shares Shri Navaratnam 2011
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Unveiling details of a carbon-tax plan on Sunday, the government said it will implement a fixed price of 23 Australian dollars $24.74 per carbon ton emitted from the country's 500 biggest polluters from the middle of 2012, increasing by 2.5% a year until 2015 before transitioning to a floating-rate price.
Australia Sets Carbon-Pricing Regime Enda Curran 2011
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Australia, the largest coke-coal supplier, has recently ratified a carbon-tax.
Dr. Reese Halter: Thanksgiving 2011: Earth Calling... SOS Dr. Reese Halter 2011
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Qantas Airways lost 1.8% and Virgin Australia slumped 2.9% after the Australia government confirmed it won't be offering concessions to airlines in its carbon-tax plan.
Carbon-Tax Plan Hurts Sydney Shares Shri Navaratnam 2011
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However, Dingell has proposed both carbon-tax and cap-and-trade legislation to stop giving polluters the right to continue polluting for free.
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He also said the Australian government's carbon-tax proposal was a "stupid idea" that wouldn't effectively tackle the important issue of helping to reduce carbon emissions globally.
Higher Prices Boost Xstrata Alex MacDonald 2011
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Australia, the largest coke-coal supplier, has recently ratified a carbon-tax.
Dr. Reese Halter: Thanksgiving 2011: Earth Calling... SOS Dr. Reese Halter 2011
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French president drops carbon-tax plan after regional vote defeat.
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French president drops carbon-tax plan after regional vote defeat.
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