Mike Tournier, Executive Director from the Carbon Market Institute, explains the Carbon Tax and how it's actually an Emissions Trading Scheme.
First presented at the Victoria Tourism Industry Council's 2012 May Quarterly Forum.
2. Presentation Overview
• Introduction - Who is CMI
• The Really Really Big Picture
– What is the Carbon Tax?
– What is the tax is trying to achieve?
– Which organisations will pay?
– What do we think will be the broader economic
impact of Carbon Tax will be?
3. Who is CMI?
• The Carbon Market Institute is Australia’s
peak body for providing leadership and
information for businesses and
professionals in rapidly evolving carbon
markets.
4. Who is CMI?
• Established with support from the Victorian
Government, our Asia Pacific wide
membership represents a broad range of
professionals, organisations and industry
providers for whom carbon will have a direct
impact on their business in terms of liabilities
and potential opportunities.
6. CMI’s Program
• Business networking and information
services
• Research and market analysis
• Education and training - partnerships
• Professional standards and accreditation
• International engagement
7. Business Guides and Industry
Publications
• Clean Energy
Legislative Package
• Carbon Farming
Initiative (CFI)
• Accounting Practices
• Market Integrity
• Market Evolution
• COP 17
• CMI Review
8. CarbonExpo Melbourne 2012
Australasia's premier Trade
Fair & Conference for carbon
market participants & service
providers.
• +900 delegates & speakers
• 80 trade booths from 20
countries
• 7-9 November 2012
9. What is the Carbon Tax?
Key Takeaway #1 Its not a tax but an Emission
Trading Scheme (ETS) with a fixed price period.
11. What is the ETS is trying to achieve?
“Emissions trading or cap-and-trade is a market-based approach used to
control pollution by providing economic incentives for achieving reductions in
the emissions of pollutants”.
Key Takeaway #2 Its an economic instrument for
behaviour change. Smart Business will adapt quickly.
14. Which organisations will pay?
• Top 500 directly…..however, the
CPM will impact almost every
aspect of a business’s supply chain,
especially those with high
electricity and gas consumption as
the price of carbon is “passed
through”
• How much is passed through and if
it is fair will be carefully watched
by the ACCC.
15. The broader economic impact
Key Takeaway #3 Its not the end of the World and
there is assistance for Households and Businesses.