Australia's Senate passes the controversial Clean Energy Act - setting the stage for the new law to directly impact the country's 500 biggest polluters beginning on July 1, 2012. Under the closely-watched legislation, carbon emissions will be taxed at a fixed price of 23 Australian dollars ($23.8) per ton for 3 years before flexible pricing kicks in during 2015.
Australia's Senate passes the controversial Clean Energy Act - setting the stage for the new law...
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