Briefing on proposed Carbon Tax – Mr Ralph Hillman – Executive Director, Australian Coal Association
Date(s) - 21 Jul 2011
12:00 PM - 2:00 PM
Mr Hillman is visiting the Rockhampton Region to engage with local businesses and outline the Coal Mining Industry’s position on the proposed Carbon Tax – with information on how it might affect the local economy. The Australian Coal Association has been at the forefront of the public debate on the Carbon Tax, and believes there is a better way to price carbon to ensure that Australia’s trade competitiveness is protected.
When – Thursday July 21st 2011 – 12noon – 2pm (light lunch to be served)
Where – Kershaw House Function Centre – North Rockhampton
Please RSVP: firstname.lastname@example.org no later than noon Wednesday, 20th July 2011
Numbers are required for catering purposes please.
Mr Hillman is keen to hear the views of Regional Business Leaders.
- Carbon price – At $23, Australia will have the highest carbon price in the world, much higher than the EU ETS price ($18), the UN offset price ($15) and US regional scheme ($1.72).
- Industry Support – no improvement in industry support for trade exposed industry – 90 per cent of minerals exports will face the full carbon costs. For firms that qualify, EITE assistance to decay (i.e. reduce) by 1.3 per cent p.a. and guaranteed for only 5 years, pending a Productivity Commission review.
- Coal support – Coal excluded from EITE assistance. Package of $1.3 billion over 6 years, targeted to gassy mines. New mines and expansions of existing mines excluded from assistance.