The impact on mining, electricity and energy companies, the bulk of the 500 top polluters to be taxed directly under the carbon tax, effective 1 July 2012, is obvious. But what of the tax’s indirect impacts?
Companies that use a lot of electricity will pay indirectly, through increased electricity costs. You and I will pay, too, through higher living and housing costs. Other industries, such as telecommunications and the renewable energy sector stand to gain.
Of course, no one really knows the extent of the direct and indirect impacts yet and much of the rhetoric and spin is motivated by politics, ignorance or both. To find out how the carbon tax will work, what will be its likely impact and who will really pay the price, Crikey and 25 students from Bond University considered those indirect impacts by wading through sustainability reports and Treasury documents and spoke with researchers and industry experts. Check out their findings.
Questions for discussion
What do you think? Is the carbon tax a small price to pay to save our planet? Or is Australia so small that our efforts won’t have an impact?
How does the carbon tax affect your organisation? What are the costs and opportunities resulting from the tax for your own organisation?
How is your organisation responding to the carbon tax?