Interim Report - The Carbon Tax: Economic pain for no environmental gain

Interim Report - The Carbon Tax: Economic pain for no environmental gain

7 October 2011

© Commonwealth of Australia 2011
ISBN 978-1-74229-528-2

View the report as a single document - (PDF 5693KB)


View the report as separate downloadable parts:

Membership of the committee (PDF 13KB)
 
Executive Summary (PDF 49KB)

The government's lack of mandate for a carbon tax
Shifting emissions overseas
The inefficiency of the government's carbon tax
The carbon tax has the potential to undermine wider reforms
The overall impact on the economy – $40,000 from every Australian
The need for a credible international agreement
Flaws in the government's approach
The cost of acting now
Uncertainty in the global economy
Treasury modelling
Recommendations

 
Chapter 1 - Inquiry into a carbon tax (PDF 21KB)

Terms of reference
Conduct of the inquiry to date
Structure of the report

 
Chapter 2 - The Australian responses to climate change (PDF 1275KB)

Introduction
Australia's emissions in context
Australia and international agreements on climate change policy
No harmonised global climate change mitigation action scheme
Pessimism over future prospects for a binding international agreement
The evolution of Australia's recent climate change policy
The architecture of the carbon tax
The carbon tax legislation
Fallout from the carbon tax policy development process
A need for Australians to have their say
Committee comment

 
Chapter 3 -  The carbon tax the Prime Minister promised we wouldn’t have (PDF 522KB)

Introduction
The carbon tax is announced
Features of the carbon tax
Committee Comment
Revenue and outlays under the carbon tax
Committee comment

 
Chapter 4 - Australia's future prosperity exposed (PDF 295KB)

Introduction
Carbon leakage
Specific industries
The need for a global agreement – the need for a level playing filed
Committee comment

 
Chapter 5 - The energy sector under the carbon tax (PDF 208KB)

Introduction
The energy sector in Australia
Carbon pollution and the energy sector
Government assistance package
Regional employment and small business
Committee comment

 
Chapter 6 - Regional Australia (PDF 138KB)

Introduction
Background
Previous government regional modelling exercises
Committee comment
Third-party modelling of the impact of the carbon tax on regional areas
Evidence from local regional communities
Regional New South Wales
Regional Queensland
Regional Victoria

 
Chapter 7 - Picking up the cost – the carbon tax on households (PDF 250KB)

The impact of a carbon price on households
Committee comment
Australian Households under a carbon tax
Reaction to the compensation package
Committee comment

 
Chapter 8 - The carbon tax and the economy (PDF 192KB)

Introduction
The government's climate change plan and the Commonwealth Budget
Additional government measures not included in the climate change plan budget
Combined outlays and revenues under the carbon tax
Clean Energy Finance Corporation
Contracts for closure program and the use of contingency reserve
Effect of the carbon tax plan on the return of the Commonwealth Budget to surplus
Effect of the carbon tax plan on state government budgets
Council of Australian Governments
Delay in the implementation of the carbon tax
The economic impact of higher electricity prices
Is the impact of the carbon tax modest?
The potential for a carbon tax to undermine wider reforms
The overall impact on the economy
Committee comment

 
Chapter 9 - The transport industry and the carbon tax (PDF 64KB)

Introduction
The road transport industry
Committee comment
The air transport industry
Committee comment

 
Chapter 10 - The carbon tax modelling: deficiencies (PDF 132KB)

Introduction
The carbon tax modelling
Process issues and the development of the carbon tax
Concerns about the Treasury modelling
Committee comment

 
Government Senators' Dissenting Report -   (PDF 260KB)

Introduction
Summary of findings:

 
Additional Comments by Senator Nick Xenophon (PDF 12KB)
 
APPENDIX 1 - Submissions and Additional Information received by the Committee (PDF 23KB)

Submissions
Additional Information and Tabled Documents
Answers to Questions on Notice

 
APPENDIX 2 - Public Hearings and Witnesses (PDF 17KB)

Public Hearings and Witnesses

 
APPENDIX 3 - Terms of reference: Multi-Party Climate Change Committee (PDF 15KB)

For further information, contact:

Committee Secretary
Select Committee on the Scrutiny of New Taxes
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Phone: +61 2 6277 3555
Fax: +61 2 6277 3899
Email: seniorclerk.committees.sen@aph.gov.au

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