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Australia: Our carbon tax is uniquely costly

Posted on 07 November 2012

According to ALP backbencher Andrew Leigh, “the Australian carbon price is quite typical of international schemes”. Let us take one of the examples he used on this page earlier in the week –New Zealand — and compare that claim with reality.
The starting point is that the Australian system charges $23 a tonne and raises about $9 billion a year. According to Treasury’s latest forecast, released only last week, this will rise to $29 a tonne in three years and to $37 a tonne in 2020 before soaring to $350 a tonne by 2050. The $23 price alone has been the main factor in Australia’s highest quarterly electricity price rises………………………………………..Full Article: Source


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VRS - who has written 38089 posts on Opalesque Commodities Briefing.


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