none

Business braces for carbon tax

31-08-2010
by 
in 
Business braces for carbon tax

 

The Australian Industry Group remains concerned at the impact of the pending carbon tax on local business.
 
Speaking on ABC radio, AiGroup Chief Executive Innes Willox said there were still many “unknowns” relating to the carbon tax which business is trying to address.
 
“What business is looking at is how will the impact of the carbon tax flow down through the production process, Mr Willox said.
 
“How will costs be passed on? How will they be able to adapt to these increased costs?
 
“What will it do to energy costs?
 
“These are big unknowns for specific businesses that they're trying to address.”
 
The AiGroup maintains the starting price on carbon – $23 a tonne – is too high.
 
“You look at the European price, it's about $8 or $9 a tonne, and the international price through the UN is at about $5 a tonne,” said Mr Willox.
 
The AiGroup has welcomed Government support mechanisms to help compensate businesses hit by the carbon tax.
 
“But for a lot of business they won't be in a position to accept or get that support,” Mr Willox said.
 
“And that's of concern to their general competitive situation.”

Related news & editorials

  1. 18.10.2018
    18.10.2018
    by      In
    Amidst global concern about plastic waste in the world’s oceans, it is rather ironic that it is a soft drinks company that is actually doing something about the problem. SodaStream International, which has always taken a different approach to the soft drinks market, is now taking a different... Read More
  2. 16.10.2018
    16.10.2018
    by      In
    The Government has unveiled a $5 million scheme to encourage high-quality graduate engineers to work in Australia’s automotive sector. The Automotive Engineering Graduate Programme aims to increase the level of advanced engineering skills in the sector and is part of the $100 million Advanced... Read More
  3. 15.10.2018
    15.10.2018
    by      In
    Industry Update is delighted to announce that we are expanding our video offerings with a new series of tutorial style videos that perfectly complement our existing library of news style videos.
    In the first series, we are partnering with sensor specialist VEGA to publish eight playlists of videos... Read More
  4. 15.10.2018
    15.10.2018
    by      In
    Kennards Hire is certainly “doing its bit” to help Australia’s drought stricken farmers and their families. The work began with the Kennards branch network throwing itself behind the Buy a Bale initiative, and is now continuing with a key role in the Mega Farm Rescue.
    Kennards Hire team members... Read More