I first wrote the title of this blog as "Australia kills carbon tax" but that isn't entirely true. I don't know a single Australian who doesn't feel embarrassed by Abbott. I mean presumably somebody voted for him, but I've never met one. It's a bit like the Bush years in America.

Anyway, see this article for an alternative overview on the fact that environmental taxes might not automatically be bad for the economy.

http://www.theglobeandmail.com/globe-debate/what-do-these-pms-know-that-economists-dont/article19664297/