On July 17th, Australia adopted the abolition of the carbon tax bill, two years of the implementation of the carbon tax bill was formally abolished. Under the bill, the beneficiaries of large enterprises must return all the saved carbon tax in a certain period to the consumers, and fine of 250% will be faced for the overdue. Since the abolition of the carbon tax, Australia carbon emissions and electricity demand continues to rise, and this breaks up previous nearly 6 years of decline.