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Carbon Tax Law, the Australian mining investment boom or cooling

With the new fiscal year began, Australia on the 1st carbon tax with a huge controversy. As per capita of the most polluted countries in the developed countries, the Australian government said that the implementation of a carbon tax is the obligation of Australia to address climate change. Since then, Australia will be the developed countries after the EU, New Zealand, and the third in the country to introduce a carbon trading mechanism.
"Carbon tax" pricing, the highest in the world
November 2011, seven months ago, Australia's carbon tax was passed by Parliament, to about 500 carbon emissions is the most serious corporate mandatory levy carbon emissions tax, A $ 23 per ton (about $ 24). This price is the maximum statutory price of a similar bill in the world, the pricing of the EU countries on the carbon tax is generally 8.7-12.6 U.S. dollars per ton.
Macao official estimates, the implementation of the "carbon tax", the estimated average weekly household cost of living will increase by 9.9 Australian dollars, which the tariff increase of 3.3 Australian dollar, gas increased by 1.5 Australian dollars. Used to classify subsidies to offset the "carbon tax" on ordinary people, the government will "carbon tax" revenue, the expected average weekly family will receive a subsidy of 10.1 Australian dollars.
"Carbon tax" policy, the Labour government has repeatedly said that direct taxation object of the "carbon tax" of more than 2.5 million tons of annual carbon emissions of large enterprises, had no significant effect on the lives of the residents. Nevertheless, the "carbon tax" on the potential impact of social production, the lives of the related industries and investment could play a positive and negative effects still to be seen. Fearing the impact of carbon tax on life and employment, many people are strongly opposed to the carbon tax. 1, thousands of people held protests in Sydney.
Labour's support rates near historic lows
Although the government said the carbon tax had no impact on ordinary people, but still can not hide "carbon tax" that may exist in birth defects. The recently released report by the Minerals Council of Australia, Australian thermal coal per ton the cost of new capacity within five years rose three-fold, so that the relevant feasibility of the project is questionable. The cost of mining iron ore in Australia is 75% higher than West Africa,. Some analysts are concerned that the negative factors in the context of global economic growth is weak, if the next few years brought about by the "carbon tax" Australian mining investment in a cooling trend, then if the external economic weakness and market negative factors intertwined situation inevitably impact the Australian economy relies heavily on mining.
Some political commentators believe that the "carbon tax" is the sword hanging in the Labor Party head: First, to become the "last straw" crushed to death in the Rudd Government, and then once the new leader, Pierre-Louis Girard of support for a slump. The latest polls show that about 60% of the respondents were opposed to the "carbon tax", the ruling Labour's support was only 27%, close to historic lows.
"Carbon tax" ineffective implementation or become a "bad tax"
"Carbon tax" policy since the introduction of highly controversial, not only for the opposition parties criticized by the public support rate is not high, their social and political foundation is not solid. The opposition has made it clear to win the next election, will immediately repeal the "carbon tax". How to make a "carbon tax" to get rid of fate Renzouchaliang, the authorities of the long and short term.
If the Labor government subject to the utilitarian heart of electoral politics in the implementation of the "carbon tax" is too radical, the lack of modifications, neglect supporting reforms to consolidate public opinion and international cooperation, will inevitably deviate from the "carbon tax" to promote economic growth, social equity mind. If the situation really as Australia's "carbon tax" may eventually become unpopular evil tax unsustainable socio-economic, Australia will eventually pay a heavy price, the final pay or the general public.




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