MARKET I OPPORTUNITY


Clean Energy Projects Whatever your view, it is expected that the Carbon Tax will create a drive to a more sustainable future for Australia, and less reliance on fossil fuels. The scheme is projected to cut 159 million tonnes of carbon pollution from the atmosphere by 2020 - the equivalent of taking 45 million cars off the road.


Tim Wilson, Director of the Institute of Public Affairs, believes that the biggest winner from the bill will be the green jobs sector: “Under the new tax, the new Clean Energy Finance Corporation, which will be given $10 billion worth of funding to manage and invest in the deployment of clean energy alternatives. If this new money is used correctly, it should provide a large boom for all green jobs in Australia”.


Christopher Ouizeman, Head of Allen & York Australia - Executive Search firm specialising in Mining & Minerals, Engineering and Environmental Recruitment comments that: “This initiative aims to help the movement towards a clean energy future, this will provide new employment opportunities for Australian workers – in clean industries such as renewable energy generation, carbon farming, and sustainable design”. Sustainable Business Australia CEO Andrew Petersen, said the Carbon Tax package was “actually good news for the business community.” The most emissions-intensive, trade-exposed


activities will receive assistance to cover 94.5% of industry average carbon costs in the first year of the carbon tax. The revenue from the CRC, £1 billion a year by 2014-15, is being directly invested into public finances, including spending on the environment and similarly the Australian government plan to spend half the revenue from the Carbon Tax compensating households for higher electricity prices and other living costs that polluting corporations pass on. The ‘assistance measures’ include a rise in the tax-free threshold from $6,000 to $18,000 and up to $338 per year extra for single pensioners. In addition, all taxpayers with incomes below $80,000 will get tax cuts - most about $300 a year.


Companies will be forced to either innovate their existing technologies or continue to pay the high taxes on the amount of carbon they release. There are certainly opportunities on the horizon for those that choose to embrace a sustainable future. Allen & York Sustainable Executive Search specialists support companies looking to move towards a sustainable business model; we partner leading global corporations across; mining and resources, engineering, renewable energy, waste and recycling, environmental and sustainability management.


© 2012 Angel Business Communications. Permission required.


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