Exclusive: Australian Energy Markets Commission set interim value for cutting emissions that should reach $420/t CO-e by 2050Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastNew energy market laws should set a carbon price starting at $70 a tonne, rising steadily to six times that by mid-century, according to the agency that sets the nation’s electricity and gas market rules.In a report released without fanfare at the end of March, the Australian Energy Markets Commission (AEMC) set an interim value for cutting emissions, starting at $70 per tonne of carbon dioxide-equivalent in 2024. That price should increase steadily to reach $420/t CO-e by 2050, when Australia aims to reach net zero carbon emissions.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...