Home Trusted by 600,000+ buyers

Carbon tax: '$150 million per week and rising'

27 June, 2014

Official figures confirm the carbon tax is imposing a $150 million burden on the Australian economy every week.

What they don't reveal, is that unless the Parliament acts, that bill will increase to $157.5 million per week on 1 July.

This is unparalleled self-inflicted assault on the competitiveness of Australia's export and import-competing sectors, according to the Minerals Council of Australia. "It is completely out of synch with international efforts. Australia's carbon tax raises more tax every four weeks than the California emissions trading scheme is forecast to raise in its first two years," asserted Brendan Pearson, Chief Executive at the Minerals Council of Australia, in a recent statement. 
"The competitive hit on Australian exporters coincides with weak commodity prices and new supply from other countries unhampered by a comparable carbon tax. According to the ABS, mining employment has fallen 9 per cent since its peak – that peak was one month before the carbon tax was put in place.
"East coast mining companies are paying about 18 per cent more on their electricity bills to cover the carbon tax. In fiercely competitive global commodity markets, these costs simply cannot be passed on.
"Like households across the country, the 75,000 Australian businesses paying the carbon tax are looking forward to the speedy removal of this deadweight on our economy that delivers negligible environmental benefit. The carbon tax should be repealed in the first sitting of the Parliament in July."

Have your say...

We welcome thoughtful comments from readers
Reload characters
Type the characters you see in this box. This helps us prevent automated programs from sending spam.
True | Friday, June 27, 2014, 10:49 AM
true true true true true true... The Carbon Tax and Global Warming debacle is a complete sham.
Joe | Friday, June 27, 2014, 11:14 AM
Peter John | Monday, June 30, 2014, 1:04 PM
I would like the Green Movement to advise how many tonnes of CO2 have been prevented entering our atmosphere from the major polluters such as power stations, industry and motor vehicles as a result of $150 million per week costs. My estimate is around Zero tonnes as a result of the Carbon Tax and Carbon Trading schemes. So lets roll out the direct actions process and fund that according to direct reductions in CO2 achieved.
Bob | Monday, June 30, 2014, 1:52 PM
Spread the word all over the town and through the corridors of Canberra. We always knew this was a burden and Australia's carbon effect globally is so miniscule you can't see it.
Goldie | Tuesday, July 1, 2014, 5:56 PM
Every entity that currently collects the carbon tax will NEVER drop their prices if the tax is withdrawn. They will make up every excuse under the sun and every watchdog to a man will not move a muscle to make them do otherwise. This is manner from heaven for them and there is no way ANY politician will be able to make them give it up. Another one of Gillards land mines.
Djay | Wednesday, July 2, 2014, 12:02 PM
Totally agree with the comments above. Goldie, you hit the nail again. Dear old Gillard/Dudd have certainly left Aus with some bad trolls to contend with. Not one to sympathize with politicians, i do feel Abbott has inherited a badly damaged mess and has some very painful work to do.
alan | Thursday, July 3, 2014, 10:00 AM
Carbon Dioxide is the source of the oxygen we breathe. It promotes the growth of plants, I very much doubt the relationship stated between the CO2 levels and rising temps. We havve had for a number of years Solar Flares on the SUN. This is a much better explanation to rising temps Alan
Jeremy | Wednesday, July 9, 2014, 11:31 AM
The carbon tax may be a 'large' burden for the companies of Australia. But typically we business owners have zero concern for the environment, and are typically happy to pollute in every way possible which can save us a dime. In terms of helping to reduce the current levels of pollution, the carbon tax may not be ideal, but it seems to provide a greater return than the 'direct action' policy. Does anyone here have any better ideas for reducing pollution other than simply ignoring it and hoping it will go away?
Goldie | Friday, July 11, 2014, 6:38 AM
Jeremy, can you tell us what return you believe the carbon tax provides. All we hear is that things are getting worse on for example the weather front so if this tax is working then why is this happening? The truth is no one knows how much is collected and from whom, where it all goes and what tangible outcomes have been achieved. No one will admit either that unless the largest countries get serious what we do here in Australia is pure tokenism and does nothing other than make our life more expensive. Advocates of the tax know too well that we alone can not make a difference to anything but it makes them feel better and any cost is the least of their concern. Why can't everything to do with this tax be transparent so people can see for themselves what it is happening, where there money is going and what effect it is having. No, shove it down their throats and tell them it is good for them and they have no choice but to keep it. Sorry that approach does not wash with me nor dare I say many others.
Deejay | Friday, July 11, 2014, 9:11 AM
Goldie, you have nailed it again. Absolutely agree and could not have said it better.
Jeremy Martens | Friday, July 11, 2014, 9:36 AM
Goldie, unfortunately the tax (if it worked) would not provide the immediate benefits that we look for, it is an investment in changing a potential outcome (future) of continuing pollution. I suspect that the ETS is tokenism, and will do little to reduce pollution, but will increase 'money to be made' on utilising loop holes, and workarounds. The only way we as a race will reduce pollution is if there is significant incentive to do so, this requires long-term thinking which is not something we in the microwave/24hr news cycle/stock market world can grasp, as at the moment we are caught up in the more immediate "cost of living" increases. I don't think the ETS is ideal, or will work that well. But i'd like to see someone care enough to come up with a good solution. At the moment all we do is sit around and shred any ideas that effect us negatively. The science may end up being true or false. But we can do something about our obsession with cheap goods and services that shift the burden of 'cleaning up after ourselves' to the next generation.
Goldie | Saturday, July 12, 2014, 12:52 PM
Jeremy, unless the big countries of the world like the US, China and India introduce a similar value tax then the advocates of the tax are being less than honest when they area saying we can reduce greenhouse gasses in the world. Honesty is the problem here or more correctly the lack of it. The scaremongering has been seen for what it is and no one sees being truthful as an option to pursue in trying to convince Australians that despite our minuscule emissions we should be doing something. I have no problem with efficiency or jumping on those that foul the environment but I believe the whole carbon industry and that is what it has become, is less than kosher. Transparency and honesty on the whole climate issue would go a long way but there are too many with vested interests now and moreover no government is capable of being honest with the people on this or anything else.