'Australian carbon tax is here to stay' vows Prime Minister Gillard

Australian Prime Minister Julia Gillard claims her government’s carbon-pricing scheme comes with an “Abbott-proof fence”.

The reference is to Opposition Leader Tony Abbott, who says he wants to take a wrecking ball to the legislation if he wins the next election.

The political uncertainty is impairing the long-term investment decisions needed for a sizeable renewable-energy sector to take shape, but Gillard says: “My prediction would be we are seeing the maximum drama right now, but it will abate over time. The reality is, Tony Abbott knows you can’t go back.”

John Grimes, chief executive of the Australian Solar Energy Society, says the Log in to read complete article.

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