The Australian parliament introduced a plan to put a price tag on greenhouse gas emissions. Are other countries, especially the U.S., likely to follow suit?
While the global recession hit many countries hard, thus far Australia has escaped much of the financial chaos. But now its one dimensional job market may be its downfall.
Posted In: Environment
Australia's newly proposed carbon tax would be one of the most ambitious carbon plans outside of the European Union. But with the world's biggest polluters unwilling to cap their greenhouse gas emissions, many Australians are rallying against the proposed tax.
Fears mount that consumers could be on the losing end should the five cent coin be abolished in Australia.
The world's largest publicly traded tobacco company says an Australian proposal requiring cigarettes to be sold in plain packages may be illegal according to international trade rules.