It generates three times per week more than Europe (with a total of 30 nations) and yet we emit less than one quarter of Europe's co2 and we have around 36 times less population to carry the burden.
"Australia's carbon tax starts generating $77.3 million per week from today. New figures from the Centre for International Economics show that Europe's emissions trading scheme - which covers 30 nations - has generated $23 million per week so far in 2012.
Australia's weekly carbon tax bill is more than three times greater than Europe's but we emit less than a quarter of Europe's emissions."
