- Joined
- 16 June 2005
- Posts
- 4,281
- Reactions
- 6
Expensive ripoff (imo) as per modelling by the Centre for International Economics consultancy.
Read more: Carbon tax about to cost us $30b
AUSTRALIA faces a $30 billion hit to growth by 2018 if domestic carbon prices remain higher than the European price, according to new economic modelling that will add to business pressure to bring the $23 starting price closer to Europe’s $10.
The modelling, by the Centre for International Economics consultancy, warns that keeping the $23 fixed price regime and the floor price of $15 a tonne - key elements of the current package - will have almost twice the impact on economic growth by 2018 as allowing the Australian price to track international prices.
Read more: Carbon tax about to cost us $30b