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June 28, 2011. The Australian government faces major hurdles in securing backing from the Greens for its plan to cut carbon emissions, the Greens leader said, raising the risk that talks could fail and possibly sinking the policy. Uncertainty over the fate of the policy, which would tax carbon emissions from next year, has begun to frustrate investment decisions, especially in the huge coal-fired power industry and in renewable energies and plantation forestry.
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