Maybe lately you’ve asked yourself this question: “what is the carbon tax in Australia?” You’d be forgiven for thinking of that a tax that disincentivises the industries that, interestingly, contribute less than 1% of the world’s total greenhouse gas emissions is short-sighted, especially when you realise that there isn’t a carbon tax or emissions trading scheme (ETS) anywhere to be seen in the far bigger and more ecologically damaging economies – three great examples are China, India and the USA.
On the other hand, perhaps you can see the advantages of the Gillard-lead Labor party’s decision-making, which required them to dig-deep in caucus to bring to the table something they ultimately didn’t have the numbers to do – but believed they ought to. Their logic could be simplified as a moral judgment that withholding public support from ‘polluters’ (that is, the bigger emitters of CO2) is in the country (and not just the people living inside it)’s best interests. It’s a very polarising debate – the left-wing inclined are the majority of the for, and the conservatives are more against. Whichever stance you take on this issue, what it means for you is the same: there is a new law, and you had now best to understand it.
Australia’s Carbon Tax – What is it?
The long of the short of it is a tax-per-tonne of CO2 emitted into the atmosphere, and, unless you really like to burp a lot, that’s a tax that is the business mainly of large companies. You can see how the jingo of ‘Carbon Tax’ might be misleading, because it’s not simply carbon atoms that are being taxed (you’d be pretty poor, as a carbon-based life form, wouldn’t you?), but ones that are hanging out with an oxygen pair.
Here are the numbers: It will start at near-to $23 a tonne, and there is a predicted rise scheduled for 2015, but that’s usually government-speak for ‘approaching the limits of infinity’.
Australia’s Carbon Tax – Who pays it?
As above, the payers are the emitting companies, but, if you get your abacus out and do a few basic reasoning tasks, you can beat Poirot to the conclusion that the average workaday Australian is who will bear this cost, too.
Of course, there is some government rhetoric in response to this insistence, namely, that consumers will find themselves compensated, so that truly only the polluting organisations are being held accountable.
But when you think about it, all this does is generate more money for the government – the companies will meet their tax obligations with chagrin but output the same level of production, because the consumers will be no less out-of-pocket, and now, they’re paying for even more in-demand goods, because they’re harder to produce.
Australia’s Carbon Tax – A Profit Conspiracy?
Carbon-reduction schemes have been in the woodworks internationally for decade and the fact that one has come into fruition only now is in fact a result of the vetting required to make sure it’s being done right. That, however, is clearly the issue still at hand Many countries, therefore, are sitting on their borders, if you will, some explicitly in waiting for some more irrefutable science. The has been, to date, a lot of conflicting studies done on Global Warming.