In a move celebrated by deniers and denounced by greens, Australia has become the "First Developed Nation to Repeal [a] Carbon Tax."

While some are looking at winners and losers, others are expressing disappointment at the lack of any credible alternative.

In exchange for bucking the rising tide of climate action, Australia's electricity bills are set to fall – but not necessarily to pre-carbon price levels. A spokesperson for Australia's consumer advocate organization acknowledged: "This does not mean that prices will go back to pre-carbon price levels, because both gas and electricity have increased for a range of reasons, of which the carbon price is only one." Interesting- perhaps extreme weather and aging, inefficient coal infrastructure could be playing a role?

Your Email has been sent.