The carbon tax has helped to drive a sharp fall in the emissions intensity of Australia's power generation as coal-fired stations are closed, moth-balled or sell less electricity.
Electricity sold into the east coast market in the three months since the tax was introduced created on average 7.6 per cent less carbon dioxide for each megawatt hour of power, an analysis of figures compiled by the Australian Energy Market Operator shows.
Read more: http://www.smh.com.au/data-point/power-pollution-plunges-20121017-27rn9.html
Australian and Californian government officials have pledged to work towards linking their nascent carbon markets, they said on Sunday.
Speaking on a state visit to the US, Australia's climate change secretary, Mark Dreyfus, said the two governments would set up a forum to share experiences on climate policy, including how best to build carbon markets.