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Australia: Investors Put in More Despite Upcoming Carbon Trading Scheme

Though critics have long believed the emissions trading scheme would squeeze out capital and jobs from the Australian market, current figures show an opposite trend. The Australian Bureau of Statistics revealed a 5.7% increase in capital spending in the last quarter. Even the mining sector saw a 9% boost in capital expenditure, and forecasts for the next year are even higher. In addition, the Australian Bureau expects other sectors to grow too in terms of their investments.

Investments Increase despite Carbon Trading Scheme

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