Carbon Tax - the Phoenix rises

Julia Gillard has put the Carbon Tax put back on the agenda amid criticism from the Opposition leader Tony Abbott.

How this will impact on business and living costs is yet to be analysed, however the Opposition have warned of increases in power bills, public transport, fuel and food (due to increased transport) as a start.

The government believes the introduction of the tax will create thousands of new jobs in the sector due to increased demand in renewables and efficiencies in current high emitting industries.

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