| Report on AUS ETS impacting energy for households released | | Print | |
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The Climate Institute (Australia) has today released a discussion paper on how an Australian emissions trading system would impact on the affordability of energy for households. Key findings: - For most Australians, the affordability of energy is likely to improve substantially over coming years, notwithstanding the introduction of emissions trading and the associated increase in energy prices. Energy price increase are offset by increases in real wages. - There is some chance that emission trading could result in high carbon prices and deterioration in energy affordability in the short to medium term for low income households. - There is a range of options to offset any decrease in energy affordability especially: - Energy efficiency measures and public transport investment will play a significant role over the medium term. - A redistribution of the income from the auction of permits to low income groups in the form of energy affordability payments. Report full report is available at: http://www.climateinstitute.org.au/index.php?option=com_content&task=view&id=189&Itemid=1 |