Quote:
Originally Posted by Occasionally6
The Australian government may have got the price wrong (we'll see if the EU recovers enough economically or they reduce the number of permits enough to push the price back up to near that level).
The "tax" "revenue" was, in part returned to individual taxpayers in the form of tax cuts, in part used to compensate some trade exposed emitters (who still had an incentive to reduce emissions but would be no worse off if they didn't) and in part made available to finance renewable energy/emission reduction projects.
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If the EU deliberately push up the price then it will make more countries reconsider their memberships, especially if Australia goes ahead and gets rid of their which is the new government policy.