Treasury projection 2050 Carbon Price of $131 to $275 per tonne
Prime Minister Julia Gillard likes to tell the Australia people that the carbon tax will have only a small impact on them. However its only the beginning.
The treasury projections for 2050 are in real terms (discounted for inflation) from a minimum of $131 per tonne to a maximum of $275 per tonne. Of course the carbon tax will be hidden as an Emissions Trading Scheme (ETS) by then, but it will still be a tax on Australian industry and people.
Imagine if a $23 per tonne carbon tax causes a 10% increase in power prices (although the NSW government says it will be 20%), what will a $275 carbon tax, ten times larger do to electricity prices?
Imagine what a carbon price on petrol and diesel, which the greens want to introduce, will do to fuel prices at a carbon tax of $275 per tonne?