Australians will pay $77 million per week in carbon taxes, while Europe with the 30 most green countries pays just one third of that, according to the Mineral Council of Australia.
"Australia's carbon tax starts generating $77.3 million per week from today. New figures from the Centre for International Economics show that Europe's emissions trading scheme — which covers 30 nations — has generated $23m per week so far in 2012."
Wholesale electricity prices have stepped up by $21-25MWh (roughly doubling) overnight across the three largest states – apparently $2 more than was expected.
The ACCI points out the contradiction in sending a price signal but intimidating anyone who dares to say how big that signal is.
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