Report: 19% of typical Aussie home electric bill due to carbon tax and other ‘green’ energy programs

IER Reports:

Among the study’s key findings:

– In the year after Australia’s carbon tax was introduced, household electricity prices rose 15%, including the biggest quarterly increase on record.
— Currently 19% of the typical household’s electricity bill is due to Australia’s carbon tax and other “green” programs such as a renewable energy mandate.
— The job market had previously been stable, but after Australia’s carbon tax, the number of unemployed workers has risen by more than 10%.
— Because Australia’s exports are relatively emissions intensive, the practical result of the Australian carbon tax serves as a tax on exports and import-competing industries.
— Australia’s carbon tax was accompanied by income tax hikes on 2.2 million people.
— Due to fiscal gaps that exist between carbon tax revenues and increased government spending that accompanied the scheme, Australia’s budget bottom line will worsen as higher deficits and greater public debt increase.
— Carbon dioxide emissions have actually increased, and will continue to increase until 2043, according to the Australian government.

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4 responses to “Report: 19% of typical Aussie home electric bill due to carbon tax and other ‘green’ energy programs

  1. Don’t worry, we have this under control … tomorrow is our country’s Federal General Elections ! The socialist and communist clowns that foisted this failure upon us will get their marching orders … it will be a complete rout of the socialists and communists, how big a rout nobody knows, but we will be sending the socialist ALP and communist Greens a strong message to piss-off and don’t darken our doorstep again !

  2. Of course the incoming coalition still believes in AGW and government intervention. Hopefully, they will re-think their positions once in power.

  3. On page 27 the paper is wrong. It says “incomes between $37,001 and $67,000″ when Table 4.1 (next page) indicates the correct bracket is $67,001 to $80,000
    The table itself has a typo 4.1, on the “$37,001-$67,001″ line, last number should be just 67,000

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