Abbott’s axe not fatal for carbon trading

Tony Abbott is likely to rescind the current cap-and-trade legislation if he wins the next election, but it's easy to see the potential for a new carbon pricing scheme to develop out of the stump his axe created.

Gillard claimed yesterday that she felt the Coalition would back away from its promise to rescind the carbon tax, telling ABC Radio:

"It has been a fast and furious debate but it's done….If the current opposition was ever to end up as the government, then they'd have a little fiddle and a name change and that would be the end of it."

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