If the Morrison Coalition Government remains stubbornly opposed to a domestic price on carbon, then Australia can expect to lose more of its share of the world market in goods and services, along with further diminishing its global reputation.

The European Union (EU) is a political, economic and trade bloc acting on behalf of 27 Northern Hemisphere nations.

Annual two-way trade between the EU and Australia is valued at est. Aus$106.1 billion and Australia’s exports to the EU at Aus$33.4 billion or est. 10% of the total value of Australia’s annual export sales.

If the Morrison Coalition Government remains stubbornly opposed to a domestic price on carbon, - as well as continuing to enact half-hearted climate change mitigation policies - then Australia can expect to lose more of its share of the world market in goods and services, along with further diminishing its global reputation.

On 14 July 2021 the European Commission issued this 5 page media release explaining in detail the following proposal put to its member nations…..

European Green Deal Commission Proposes Transformation of EU Economy and Society to Meet Climate Ambitions by clarencegirl on Scribd

https://www.scribd.com/document/515965182/European-Green-Deal-Commission-Proposes-Transformation-of-EU-Economy-and-Society-to-Meet-Climate-Ambitions