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Reality Check: An assessment of how the carbon price will affect the cost of living

Reality Check: An assessment of how the carbon price will affect the cost of living. Results from an independent study by CSIRO and AECOM. About this project. Partners: CHOICE – ACOSS – The Climate institute Researchers: CSIRO and AECOM Outputs:

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Reality Check: An assessment of how the carbon price will affect the cost of living

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  1. Reality Check:An assessment of how the carbon price will affect the cost of living Results from an independent study by CSIRO and AECOM

  2. About this project • Partners: CHOICE – ACOSS – The Climate institute • Researchers: CSIRO and AECOM • Outputs: • Detailed report with results and methodology • Summary material and fact sheets • Your Carbon Price online tool

  3. About the carbon price • Who pays? • Around 500 companies • Doesn’t come out of your pay packet and unlike the GST it won’t show on shopping dockets

  4. About the carbon price • What’s the purpose? • Provides a financial incentive to cut carbon emissions • Will make cleaner energy sources and low carbon emissions ways of doing business cheaper by comparison

  5. About the carbon price • How much carbon pollution will be saved? • Between 0.68 and 1.1 billion tonnes over the period 2012 to 2020

  6. About the carbon price • Where does the money go: • Households: tax cuts and benefit payments • Businesses: free permits and technology funding • Clean energy and energy efficiency

  7. Impact on inflation 2012 / 2013

  8. What does it mean for households? On average $9.10 per week – 80 centsless than estimated by Treasury $2.80 wk $0.40 wk $1.20 wk $4.20 wk(clothes, recreation, etc) $0.00 wk (There will be no price impact on household fuel costs)

  9. Past inflation spikes • Smaller than past inflation spikes • Less than half the impact of the mining boom (1.6%) • Smaller than Cyclone Larry (0.8%) • 4 times smaller than the GST(2.5%)

  10. What’s really driving up power bills?

  11. And food bills?

  12. Assistance • Low income: generally better off • Middle income: at least 60% of costs to be covered, on average; better off in many cases. • High income: generally limited assistance

  13. Assistance

  14. Smart Consumer Save money by investing in simple, low cost energy efficiency measures. Tip 2 Tip 1 Tip 3 Washing clothes in cold water – Save up to $2.25 per week Install water saving shower head - Save up to $5.20 per week Reduce standby power consumption – Save up to $1.75 per week  14

  15. What does it achieve? It has the potential to cut up to 1.1 billion tonnes of pollution from the atmosphere by 2020. The carbon price will be paid by around 500 of Australia’s biggest polluting companies, not households. This is equivalent to taking 70 million cars permanently off the road Driving investment in cleaner energy sources.  15

  16. Online tool • Where:yourcarbonprice.com.au + Facebook. • What: • Interactive • Estimate of costs and assistance • Energy efficiency opportunities

  17. yourcarbonprice.com.au • Low income: generally better off • Middle income: at least 60% of costs to be covered, on average; better off in many cases. • High income: generally limited assistance

  18. Tool Kit • Fact sheets • Flyers • Material for newsletters and journals • Articles, oped pieces & online banner ads etc

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