Australia’s carbon tax costs $7 billion, only yields 0.3 percent CO2 reduction

U.S. policymakers often tout a carbon tax, but a quick look at the land down under shows that it can be burdensome and do little to fight global warming.

Australia’s carbon tax cost $7 billion (in Aussie dollars) over 15 months, but only reduced carbon dioxide emissions by 0.3 percent. The cost of the country’s carbon tax comes out to about $300 per person.

The Australian newspaper obtained government figures that show the carbon tax has done little to fight global warming, while burdening the Aussie economy. The country’s conservative government derided the figures.

Read more: http://dailycaller.com/2014/02/06/australias-carbon-tax-costs-7-billion-only-yields-0-3-percent-co2-reduction/#ixzz2t1Y2R65U