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Australia warns climate change threatens Kakadu park

Reuters: Australia warned on Thursday that its World Heritage-listed outback Kakadu wetland, made famous in the "Crocodile Dundee" films, was at severe risk from climate change, as the government faced a growing battle to introduce a carbon tax. Prime Minister Julia Gillard's one-seat majority government is embroiled in an increasingly acrimonious climate policy debate, pitching mining magnates against environment activists including Oscar winning Australian actress Cate Blanchett. Gillard, struggling...

Australia government weighs levy for flood damage: report

Reuters: Australia's government is reportedly considering a taxpayer levy to help pay for massive flood rebuilding, while preserving the budget's path back to surplus in 2012-13, as one major bank warned on Tuesday the damage bill could reach A$20 billion. A levy could take the form of an addition to the 1.5 percent Medicare levy backing public health and hospitals, and which raises A$10 billion ($9.9 billion) a year, the Australian newspaper said, without naming sources. Flooding blamed on rains triggered...