(Reuters) - Australia on Sunday joins a growing number of nations to impose a price on carbon emissions across its $1.4 trillion (891.18 billion pounds) economy in a bitterly contested reform that offers trading opportunities for banks and polluters but may cost the prime minister her job.
Australia's biggest polluters, from coal-fired power stations to smelters, will initially pay A$23 ($23) per tonne of carbon dioxide emitted, more than twice the cost of carbon pollution in the European Union, currently trading around 8.15 euros ($10) a tonne.
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