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VICTORIA TOURISM INDUSTRY COUNCIL
            May 2012
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?
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.
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.
CMI Members
CMI’s Program
• Business networking and information
  services
• Research and market analysis
• Education and training - partnerships
• Professional standards and accreditation
• International engagement
Business Guides and Industry
             Publications
• Clean Energy
  Legislative Package
• Carbon Farming
  Initiative (CFI)
• Accounting Practices
• Market Integrity
• Market Evolution
• COP 17
• CMI Review
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
What is the Carbon Tax?




Key Takeaway #1 Its not a tax but an Emission
Trading Scheme (ETS) with a fixed price period.
Introduction to the Three Key Bills




                                  10
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.
Sectors affected by a carbon price




                                 12
Determining obligation under the
            scheme
         25,000 tonnes CO2-e threshold




        Top “500” Emitters




                                         13
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.
The broader economic impact




Key Takeaway #3 Its not the end of the World and
there is assistance for Households and Businesses.
Contact Details

Mike.Tournier@carbonmarketinstitute.org
    www.carbonmarketinstitute.org

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Mike Tournier, Carbon Market Institute - VTIC Quarterly Forum - May 2012

  • 1. VICTORIA TOURISM INDUSTRY COUNCIL May 2012
  • 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.
  • 10. Introduction to the Three Key Bills 10
  • 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.
  • 12. Sectors affected by a carbon price 12
  • 13. Determining obligation under the scheme 25,000 tonnes CO2-e threshold Top “500” Emitters 13
  • 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.