Labor in a $7 billion black hole as world carbon price collapses

carbon emissions fraud, $7 billion, black hole, carbon price, Chamber of Commerce, Climate Change Minister, COLLAPSE, downgrade, English News, European, forecasted price, GFC, Greg Combet, Labor, tax cuts

A COLLAPSE in the European carbon price will burn a hole in Wayne Swan’s budget, with the government scrambling to remodel and downgrade its forecasted price in 2015. News of the writedown came as the European price sank below $4 after measures to prop it up failed in the European Parliament. A new round of … Συνέχεια

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