Australia Markets open in 6 hrs 37 mins

Carbon tax abolished

The Carbon Tax has been voted down in the Senate.


The carbon tax has been abolished by parliament.



The Senate on Thursday voted 39-32 to scrap Labor's carbon pricing scheme after securing the support of Palmer United Party senators and other crossbenchers.

The Greens were quick to slam the Senate decision calling it a tragic day for Australia.


The Greens slam decision to ditch the carbon tax.


"This is a tragic day for Australia and the planet but the Greens will lead the campaign to make the big polluters pay for global warming," Greens Leader Christine Milne tweeted just minutes after the vote.