Carbon tax to cost Qld $150 million next year: treasurer

01/06/2012 - The carbon tax will cost Queensland $148 million next financial year, Treasurer Tim Nicholls says.

Find related suppliers

That figure would rise to almost $200 million by 2015/16.

Nicholls on Thursday told parliament the Queensland government-owned energy providers Stanwell and CS Energy will be forced to pay a total cost of $389 million and $225 million without compensation from the federal government. He did not specify a time period.

Nicholls said Queensland Treasury modelling had also found gross state product could take a hit of up to $9.6 billion, up to 21,000 jobs could be lost and real wages could be reduced by $2900 by 2020.

"This tax will have a more pronounced effect in Queensland than any other state in Australia," Nicholls said.

"This toxic carbon tax will harm Queensland's economic growth, reduce standards of living for everyday Queenslanders, increase electricity prices and significantly harm our state budget."

The carbon tax comes into effect on July 1.

Source: AAP

Browse the IndustrySearch directory: Business Software & Applications

Have your say...

We welcome thoughtful comments from readers Comment Guidelines The approval of your comment is at the discretion of this article's publisher. Write your comment with the following in mind to ensure the highest likelihood of it being approved: - No promotional undertones - No use of profanity - Good spelling, grammar and layout - Check punctuation, language and missing words - No use of aggression - No unsubstantiated claims We reserve the right to remove comments at our discretion. Your name is used alongside Comments.
Name:
Email: