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Bloomberg Green: For Effective Climate Policy, the First Step is the Hardest

"After more than three decades of trying, Austria moves to tax carbon. Austria has a carbon tax or, in slightly more dramatic terms: 'Habemus CO₂ tax.' But the reception in Austria and beyond was quite a bit more muted than the joyous announcement of a new pope. Environmental group Greenpeace called it “too weak, too late and ineffective.” They have a point."

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