'Clean Energy Future Plan' - Briefing for Business: Update July 2011
On 10 July 2011, the Prime Minister released the Federal Government's 'Clean Energy Future Plan' (Plan).
The centrepiece of the Plan is the introduction of a carbon price starting at $23 per tonne of carbon pollution on 1 July 2012. This price will be payable by Australia's 500 most carbon-intensive businesses in the stationary energy, waste, rail, domestic aviation, shipping, industrial processes and fugitive emissions sectors for every tonne of carbon pollution they produce. A fixed carbon price will remain in place for 3 years at which time, on 1 July 2015, the fixed price will be determined by the market under a cap-and-trade emissions trading system.
In this briefing, Maddocks identifies the Plan's key features, including the challenges and opportunities the Plan presents for a range of public and private sector entities.
To read full Update please download PDF.