The Pros and Cons of Carbon Tax to Consumers
The carbon tax debate continues to rage on in political halls and academic circles.
Experts were called in to contribute their views and research studies on the effects of this fiscal policy have been done to support these claims.
Some were wholly supportive of the energy scheme while others see this wreaking havoc on Australia's energy market.
In particular, consumers have to contend with rising energy prices as a result of the taxation of carbon emissions.
The following should provide some answers to the question: What is carbon tax and how does it affect consumers? Carbon Tax, Price Increases and Regulation The price increases caused by this carbon tax policy are particularly damning to the government's advocacy for clean energy.
Dreaming for a cleaner world is a good thing, but the path towards realization seems filled with doubts and requires sacrifices from consumers more than the energy firms.
Another source for anxiety among consumers and corporations alike is the shift from carbon tax to a carbon trading scheme after three years.
Look at the European model now and you'll see a failing scheme brought on by greed from unscrupulous firms and the lack of government monitoring.
Australia's carbon tax hasn't reached its first birthday yet.
It seems premature to make evaluative statements now.
However, a brief study of the Clean Energy legislation, which includes the carbon pricing mechanism, outlined the role of Clean Energy Regulator as the regulating body for policing liable companies that fail to submit their total carbon emissions, represented by carbon units, at the end of each year.
The company either buys more units or earn them through participation in industry assistance programs, such as the Jobs and Competitiveness Program or the Energy Security Package.
What Carbon Pricing Can Do for Consumers Despite paying a high price for better air quality, consumers are given actionable plans for keeping the environment less polluted than before.
For example, several environmental groups qualified to participate in carbon trading offer credits to companies in exchange for their involvement with creating forests.
Establishing carbon sinks requires acres of trees and other plants to produce more oxygen and offset the imbalance caused by high carbon emissions from coal-fired power plants and fuel-dependent generators.
In addition, the carbon tax collected within the first three years of the project will be distributed to several sectors.
A portion will be given as financial support for families and businesses disadvantaged by the energy price increases.
Around eight million Australians will benefit from household assistance, which provides tax cuts, pension increases, and extra allowances.
In particular, this measure adds almost $400 to annual allowances paid to pensioners and retirees living alone and more than $500 added to yearly pensions for elderly couples.
Over the next four years, the $1 billion dollars allocated to farmers and forest growers will be used to help them increase the amount of carbon stored in their land.
This can be achieved through planting of more trees, improving biodiversity on land, and destroying livestock manure to prevent methane emissions.
The rest of the funds are spent on operational expenses for the project, including grants for research and development of clean energy technologies.
By the time 2020 rolls in, Australia has probably reached its unconditional target of five percent reduction in carbon emissions and up to 15% when the world's governments have made strides in stabilizing greenhouse gases at 450 parts per million (PPM) carbon dioxide equivalent or lower.
Experts were called in to contribute their views and research studies on the effects of this fiscal policy have been done to support these claims.
Some were wholly supportive of the energy scheme while others see this wreaking havoc on Australia's energy market.
In particular, consumers have to contend with rising energy prices as a result of the taxation of carbon emissions.
The following should provide some answers to the question: What is carbon tax and how does it affect consumers? Carbon Tax, Price Increases and Regulation The price increases caused by this carbon tax policy are particularly damning to the government's advocacy for clean energy.
Dreaming for a cleaner world is a good thing, but the path towards realization seems filled with doubts and requires sacrifices from consumers more than the energy firms.
Another source for anxiety among consumers and corporations alike is the shift from carbon tax to a carbon trading scheme after three years.
Look at the European model now and you'll see a failing scheme brought on by greed from unscrupulous firms and the lack of government monitoring.
Australia's carbon tax hasn't reached its first birthday yet.
It seems premature to make evaluative statements now.
However, a brief study of the Clean Energy legislation, which includes the carbon pricing mechanism, outlined the role of Clean Energy Regulator as the regulating body for policing liable companies that fail to submit their total carbon emissions, represented by carbon units, at the end of each year.
The company either buys more units or earn them through participation in industry assistance programs, such as the Jobs and Competitiveness Program or the Energy Security Package.
What Carbon Pricing Can Do for Consumers Despite paying a high price for better air quality, consumers are given actionable plans for keeping the environment less polluted than before.
For example, several environmental groups qualified to participate in carbon trading offer credits to companies in exchange for their involvement with creating forests.
Establishing carbon sinks requires acres of trees and other plants to produce more oxygen and offset the imbalance caused by high carbon emissions from coal-fired power plants and fuel-dependent generators.
In addition, the carbon tax collected within the first three years of the project will be distributed to several sectors.
A portion will be given as financial support for families and businesses disadvantaged by the energy price increases.
Around eight million Australians will benefit from household assistance, which provides tax cuts, pension increases, and extra allowances.
In particular, this measure adds almost $400 to annual allowances paid to pensioners and retirees living alone and more than $500 added to yearly pensions for elderly couples.
Over the next four years, the $1 billion dollars allocated to farmers and forest growers will be used to help them increase the amount of carbon stored in their land.
This can be achieved through planting of more trees, improving biodiversity on land, and destroying livestock manure to prevent methane emissions.
The rest of the funds are spent on operational expenses for the project, including grants for research and development of clean energy technologies.
By the time 2020 rolls in, Australia has probably reached its unconditional target of five percent reduction in carbon emissions and up to 15% when the world's governments have made strides in stabilizing greenhouse gases at 450 parts per million (PPM) carbon dioxide equivalent or lower.