Fri, Aug 1, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Environmental Trading more

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


 Article link

This post was written by:

VRS - who has written 36243 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31