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Scrapping Renewable Energy Target Will Cost Australia's Economy Billions

A Bloomberg report has warned it would cost Australia billions of dollars and thousands of jobs if the Abbott government chooses to scrap the country's renewable energy target. An expert panel is currently reviewing Australia's vow to produce 20 per cent of power from renewable energy sources by 2020.

China Mulls Increasing Export Taxes of Precious Rare Earths

Two months after a WTO ruling said that had China violated international trade rules regarding its imposed measures on rare earths exports, the country plans to increase the export taxes of its precious metals and minerals this year, 2014.

Abbott's 'Extreme' Budget Strikes Down Australia's Claim of Taking Climate Change Seriously

The first budget of the Australia's Abbott government was described as the "least popular" and the "most extreme" in 40 years, according to most media accounts and statements. The country's Budget 2014 was released during an unexpected heatwave in May with temperatures measuring 20 degrees. Aside from affecting social policies including the $80 billion budget cuts in health and education, the release of the new budget has destroyed Prime Minister Tony Abbott's claims that Au...

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