Opinion

Australia is about to be hit by a carbon tax, whether the PM likes it or not. But the proceeds will go overseas

By Peter Martin
Updated November 2 2021 - 8:20pm, first published 6:25pm
The EU has cottoned on to the imperfect carbon-price workarounds introduced by countries that still rely heavily on fossil fuels. Picture: Shutterstock

Ten years ago, in the lead-up to Australia's short-lived carbon price (or "carbon tax" - either description is valid), the deepest fear on the part of businesses was that they would lose out to untaxed firms overseas.

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