Benefits of a carbon price
A price on carbon, with appropriate transitional arrangements for households and industry, and complementary support for the development and deployment of low carbon technology, is widely recognised as being the most efficient and effective way of reducing emissions to meet this target. A carbon price is also important to provide a long term signal for investors in early stage clean energy technologies - such as geothermal, wave, large scale solar - that there will be a strong and vibrant market for these technologies in the future. Investors need to know that funding the research, development and demonstration of these cutting edge technologies represents an acceptable risk.
What we aim to do
Bring together businesses wanting to demonstrate their support for a price on carbon pollution – and ultimately to start Australia’s shift to a low carbon economy by unlocking low carbon investment and cutting Australia’s greenhouse gas emissions.
Carbon Price revenue
The revenue generated from pricing carbon pollution should be used to compensate households and businesses, as well as the early stage development of renewable energy technology. Other countries that have put a price on carbon have channelled this revenue into clean energy to make them cheaper for everyone and reduce carbon pollution over the long term.