Combet says Australia will ditch previous plans to impose a A$15 ($15.60) per tonne floor price on carbon when the current fixed-price carbon tax moves to a floating market-mechanism in July 2015.
Australia would be linked to Europe’s emissions trading scheme (ETS), meaning the two trading blocs' carbon price would be "effectively the same", Combet says
While Australia’s businesses will be able to buy carbon credits in Europe when the scheme kicks off in 2015, European businesses will not be permitted to buy Australian carbon units before 2018.
"Australia's
