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Autopia Management

11 July 2011

Carbon pricing - what does it all mean?

The Federal Government yesterday released its proposed Clean Energy Future plan, and today everyone is trying to work out what that means to them personally, to their business, to the environment, and more.

Greenfleet staff are still looking into the details of the plan, how it integrates with other proposed mechanisms (such as the Carbon Farming Initiative) and how it might impact or benefit our organisation and our supporters.

In the short term we can say that we are supportive of the intention to put a price on carbon and believe this is a positive step in taking action to reduce carbon pollution and our impact on the planet.

Some of the key points are:

• $23 per tonne price on carbon, commencing July 2012 (increasing to $24.15 in year 2, and $24.50 in year 3)
• Price fixed for 3 years, then transitioning to an emissions trading scheme
• Transport fuels excluded, but fuel tax credits adjusted to offer effective carbon price for some industries
• Investment in clean energy technologies
• Investment in projects that benefit biodiversity
• Tax reforms and assistance packages to help households
• Carbon Farming Initiative can create credits, but limits apply

We'll take a couple of days to digest the detail fully and will provide an update to all our supporters and the general public as soon as we have completed this analysis.

In the meantime, we'd love to hear your thoughts.  Let us know via facebook what you think.