Ouch! Recall what I wrote in previous post:
“With some touting emission cuts of up to 30% below 1990 levels by 2020 and over 50% by 2050, coupled with the greens now assuming the balance of power in the Senate, what eventual price for a tone of Carbon, $200?”
"The Greens' approach to climate change is straightforward … Australia's emissions have to be 30% below 1990 levels by 2020 and 80% below by 2050.”
Eighty percent! What future price per tone of Carbon now, $260.00?
It’s happening folks!