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UK airline magnate Sir Richard Branson has warned Australia against introducing a price on carbon without any global agreement.

“With the carbon tax, ideally it should be done on a global basis,” Sir Richard told reporters at the Asia Pacific Cities Summit in Brisbane yesterday.

“There’s a big meeting in Durban in December and hopefully something will be put through so it doesn’t disadvantage individual countries and individual businesses.

The billionaire entrepreneur owns the Virgin Group, which includes international airlines and employs 50,000 people.

Sir Richard said he was trying to avoid getting too drawn into domestic politics in Australia, but was aware an announcement would be made on the tax on Sunday.

“I’ll see what is said. But if it disadvantages Australian businesses and Australian people that’s the question Australians have to ask themselves.”

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