Brief Summary: Impact Of Carbon Tax On The Australian Economy
Executive Summary
Climate change is a threatening issue in the global. Thus, carbon tax is used as a tool to reduce greenhouse. The Australian Government announced initially the price of carbon tax is $23 per tone and has become a concerned issue with policy proposal makers and its significant effects on all society and economy. The report will outline some features that related to the issues and impacts of carbon tax as well as the responds of business and consumers.
The carbon tax will create the big gap between the poor and the rich because of increased price of all goods, especially the reduction of employment in coal, mining, manufacturing industries. Also, the Australian industries will be suffers the international competition because …show more content…
On the other hand, the increasing shortages of skills labours caused to the business confronting in finding employees. According to Siriwardana, Meng and McNeill (2011), the employment impact of the carbon tax on different sectors of employment in the Australian economy (Table 1). Other impact is to decline the profit and revenues in the retail sectors because of weak consumer, increasing interest rates. Indeed, consumers will experience the price change of goods when firms extra carbon tax in manufacturing costs. The accurate impact of carbon tax on prices related to many components such as renewable energy …show more content…
(2011). “Securing a clean energy future”, The Australian Government’s climate change plan. Retrieved from http://www.cleanenergyfuture.gov.au/wp-content/uploads/2011/07/Consolidated-Final.pdf
Australian Industry Group. (2013). “Ai Group Survey: business pricing responses to Australia’s carbon tax, the first six months”. Retrieved from http://www.aigroup.com.au/portal/binary/com.epicentric.contentmanagement.servlet.ContentDeliveryServlet/LIVE_CONTENT/Publications/Reports/2013/Carbon_price_impacts_Jan_2013.pdf
Garnaut, R .(2008”. “The Garnaut climate change review”, Report, Chapter 16, Cambridge University Press. Retrieved from http://www.garnautreview.org.au/
Lewis, S and Jacob, P. (2013). “Carbon tax hurts, say ailing firms”, New Limited Network. Retrieved from http://www.news.com.au/tablet/carbon-tax-hurts-say-ailing-firms/story-fnejlrpu-1226599232391
Rahman, M. M. (2011). “ The proposed carbon tax in Australia: impacts on income distribution, employment and competitiveness”, School of Accounting, Economics and Finance. Retrieved from
Climate change is a threatening issue in the global. Thus, carbon tax is used as a tool to reduce greenhouse. The Australian Government announced initially the price of carbon tax is $23 per tone and has become a concerned issue with policy proposal makers and its significant effects on all society and economy. The report will outline some features that related to the issues and impacts of carbon tax as well as the responds of business and consumers.
The carbon tax will create the big gap between the poor and the rich because of increased price of all goods, especially the reduction of employment in coal, mining, manufacturing industries. Also, the Australian industries will be suffers the international competition because …show more content…
On the other hand, the increasing shortages of skills labours caused to the business confronting in finding employees. According to Siriwardana, Meng and McNeill (2011), the employment impact of the carbon tax on different sectors of employment in the Australian economy (Table 1). Other impact is to decline the profit and revenues in the retail sectors because of weak consumer, increasing interest rates. Indeed, consumers will experience the price change of goods when firms extra carbon tax in manufacturing costs. The accurate impact of carbon tax on prices related to many components such as renewable energy …show more content…
(2011). “Securing a clean energy future”, The Australian Government’s climate change plan. Retrieved from http://www.cleanenergyfuture.gov.au/wp-content/uploads/2011/07/Consolidated-Final.pdf
Australian Industry Group. (2013). “Ai Group Survey: business pricing responses to Australia’s carbon tax, the first six months”. Retrieved from http://www.aigroup.com.au/portal/binary/com.epicentric.contentmanagement.servlet.ContentDeliveryServlet/LIVE_CONTENT/Publications/Reports/2013/Carbon_price_impacts_Jan_2013.pdf
Garnaut, R .(2008”. “The Garnaut climate change review”, Report, Chapter 16, Cambridge University Press. Retrieved from http://www.garnautreview.org.au/
Lewis, S and Jacob, P. (2013). “Carbon tax hurts, say ailing firms”, New Limited Network. Retrieved from http://www.news.com.au/tablet/carbon-tax-hurts-say-ailing-firms/story-fnejlrpu-1226599232391
Rahman, M. M. (2011). “ The proposed carbon tax in Australia: impacts on income distribution, employment and competitiveness”, School of Accounting, Economics and Finance. Retrieved from