42. Effect of carbon price on expenditure
($23/ ton)
Price of electricity increases by
10%
Price of gas increase by
9%
Price of food increase by
less than 5%
Overall effect is just
0.7%
44. FINDINGS - AUSTRALIA
Carbon tax of $23 is not enough
$100 per tonne of carbon tax needed to be charged to
make an impact on current situation
This will collapse the
economy
46. CONCLUSION
We have been focusing on controlling the carbon
emission
Instead, we should focus on solving the problem by
research on green energy
“Every dollar on R&D would avoid $11 of climate
damage”