Editor's Choice
CEFC, Aviva Investors partner to afforest Tasmanian wetlands
The Clean Energy Finance Corporation (CEFC) is partnering with Aviva Investors and Gresham House to invest $142 million in sustainable forestry plantations in Tasmania.
ISS STOXX acquires Scientific Beta
ISS STOXX has acquired Scientific Beta from Singapore Exchange (SGX) in a bid to expand its presence within the asset owner segment and deepen engagement with large institutional investors.
Future Generation returns top 20%
Future Generation Australia has increased its fully franked interim dividend after it delivered a 20.1% total shareholder return over the past year.
ECB introduces climate risk overlay for bank collateral framework
The European Central Bank (ECB) has introduced climate related risk adjustments into its collateral framework.




Imposing a levy on imports that maintains CO@ emissions at local levels MUST include the emissions generated from inbound freight. Then we will some non-sensical product imports.
I imagine it would then kill off the proposal to import potatoes from Canada, for example.
As an employee in the manufacturing sector, I sense that industry is concerned at the downstream cost increases for energy consumption from a tax imposed on producers for CO2 emissions. Our operations in NSW incurred a 30% hike in electricity costs last year.
if a $20 a tonne levy is ever passed through to businesses buying electricity, it will push the cost up another 20%. In marginalising domestic manufacturing, has anyone considered balancing this domestic impost with penalties on energy intensive competitor imports?
Could we not impose an even playing field where importers are required to maintain CO2 emissions at the local level, without going into the territory of protectionism?
I think a lot of the anger being displayed throughout the national electorate is because the impost of a tax implies ONLY that business and consumers will use less fuel & electricity when the cost jumps a further 25%. Where are the pro-active policies for renewables, imports and alternates to balance this community cost?
I understand that electricity userd in NSW will be hit with 42% rises in charges over the next few years due to current infrastructure plans, on top of last year's 30% rise. Now we forsee government layering another 25% based on carbon dioxide emissions.
So the power cost doubles over 3-4 years.
How many businesses in NSW will consequently disappear?
Where is the capacity in substitutes?
Why isn't Paul Howes making a big noise about this?