“The real-world results in Australia throw cold water on the claims made by proponents of a U.S. carbon tax. Every single claim they make in their case for a U.S. carbon tax had the opposite effect in Australia. In the year after Australia’s carbon tax was introduced, household electricity prices rose 15%, including the biggest quarterly increase on record. Currently 19% of the typical household’s electricity bill is due to Australia’s carbon tax and other ‘green’ programs such as a renewable energy mandate. The job market had previously been stable, but after Australia’s carbon tax the number of unemployed began rising rapidly.”
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