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Economic modelling for carbon tax suggests bad news for ACT

By Ruqi 25 July 2012 25

The National Centre for Social and Economic Modelling at the University of Canberra has broken down the impact of the carbon tax by state, and discovered that the ACT will be paying above the national average. This will be due to our higher incomes and the production of more emissive energy in the ACT.

Results show on average households will be paying less than the Treasury forecasts.

But researcher Ben Phillips says ACT residents will be paying more.

“We said the national average is around $8.80 for the ACT, it’s a little higher around about $11.70 per week,” he said.

The average household will receive $10.10 a week in government assistance, so it seems ACT residents might be out of pocket a little.

The ACT Opposition Leader Zed Seselja has responded to the news by accusing Labor of instituting “massive cost of living pressures across the board”:

“This yearly $540 hit for the carbon tax is unsustainable for many families, who are already facing massive cost of living pressures across the board.[…] Canberrans will also be undercompensated. One in five Canberra families will receive no compensation, and three in five Canberra families will be out of pocket.”


UPDATE 25/7/12 10:40 AM
Senator Gary Humphries has responded with an attack at Labor:

“Labor’s ‘promise’ that only 294 of the biggest polluters will pay more as a result of the carbon tax is complete garbage. The facts are that costs will be passed on to householders and business owners and the biggest hurt will be felt here in the ACT.

“Labor can’t be trusted to keep the cost of living down, they can’t be trusted to make Australians’ lives any easier and they can’t be trusted to keep their promises”, Senator Humphries concluded.

Apparently, the average Canberra household will be paying almost 80% more than the average South Australian household, though no figures have been supplied to support this yet.

What’s Your opinion?


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Economic modelling for carbon tax suggests bad news for ACT
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dungfungus 8:37 pm 30 Jul 12

davo101 said :

Apparently, the average Canberra household will be paying almost 80% more than the average South Australian household, though no figures have been supplied to support this yet.

Median weekly income per SA household $1044, ACT $1920, which is 84% higher than the SA figure. So 80% more carbon cost for the ACT sounds about right.

When the trickle down effect kicks in this is close to what it will be.

chewy14 8:28 pm 30 Jul 12

Woody Mann-Caruso said :

If there was a global agreement I’d be all for it.

‘I’m not taking responsibility for my actions until everybody all over the world takes responsibility for their actions in exactly the same way all at the same time!’ bleated the moral coward.

(And that’s why you smell like lanolin.)

Pray tell what’s immoral about wanting an agreement that will achieve something rather than useless symbolism that puts our country at a disadvantage for no tangible benefit?

You might have a point if climate change was an issue that could be affected locally or globally by our actions but it’s not. It’s a global issue for which only a global solution will suffice.

It’s not about morality, its about risk management.

Woody Mann-Caruso 7:12 pm 30 Jul 12

If there was a global agreement I’d be all for it.

‘I’m not taking responsibility for my actions until everybody all over the world takes responsibility for their actions in exactly the same way all at the same time!’ bleated the moral coward.

(And that’s why you smell like lanolin.)

davo101 4:24 pm 30 Jul 12

Apparently, the average Canberra household will be paying almost 80% more than the average South Australian household, though no figures have been supplied to support this yet.

Median weekly income per SA household $1044, ACT $1920, which is 84% higher than the SA figure. So 80% more carbon cost for the ACT sounds about right.

HenryBG 6:48 pm 28 Jul 12

chewy14 said :

The problem is, this Carbon tax won’t achieve squat in relation to climate change.

Not if the deniers have their way, it won’t.

The simple fact of the matter is that the concentration of CO2 in the atmosphere has increased by almost 50%. This is heating the planet up. Sensible people believe this is something that needs to be addressed. Brain-dead morons sucking on the teat of Corporate misinformation channels believe we should do nothing. It’s all about whether you are an ethical human being or not.

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