The facts that show the Government and Greens carbon tax is flawed.

Here are the facts that show how the Government and Greens carbon tax places an enormous burden on families and business but makes little or no difference to global emissions.

 

Australia produces less than 1.5 per cent of the world’s global emissions yet the proposed tax is set to be by far the world's biggest carbon tax.

To demonstrate this point : the European Union (EU) has had a price on carbon since 2002. During its first 6-and-a-half years, EU scheme generated $4.9 Billion in tax revenue. In the first 6-and-half-years of Australia’s carbon tax the Government will collect an estimated $71 Billion.

 

None of Australia’s trade competitors have a carbon tax or have any plans for a carbon tax.

The EU has a limited carbon trading scheme and does not compete with most Australian exports. It is more relevant to compare Australia to resource exporting countries like the USA, Canada, South Africa, China, Indonesia and Brazil. None of these countries have a national carbon tax and none have plans to introduce one any time soon. Australia will be out on its own with the biggest carbon tax in the world.

 

The tax is designed to flow through the whole economy and make all Australians pay on all things they buy every day.

The Government and Greens own advisor, Ross Garnaut has made it clear in his latest report. He states that "Australian households will ultimately bear the full cost of the carbon price."

 

Even if the Government reaches its target of 5 per cent reductions in emissions, Australia will only reduce global emissions by 0.07 per cent.

All the emission reductions Australia plans to make will be dwarfed by the emissions made by much larger countries. For example, by 2020 it will take China just 78 hours and 25 minutes to replace Australia's projected emission savings by 2020.