Up in the Air

By Bill Polits

Australia's carbon tax is now law and will take effect in the summer of 2012 with a price of $US23.50 per ton of CO2 emissions.

Time will tell what the fate of the law will be. This article from the Wall Street Journal has further details, as does this from BBC News.

The passage of this law will likely fuel the debate about regulating global warming gases (such as HFCs used in fire protection) worldwide.