| Carbon Week |
| Carbon Week |
Proof edition: The impact of a carbon price of $40/t CO2-e on the existing operations of 14 case study of sleected high -pollution businesses, by the Business Council of Australia (BCA) was substantial, it said.
(Full Article)Four out of fourteen - and perhaps 8 - of fourteen, carbon-exposed businesses studied,would close after the start of the emissions trading scheme in 2010, Greig Gailey, President Business Council of Australia told the Sydney Institute 27 August, 2008.
(Full Article)Without compensation, and using the European emissions price of $40/t CO2-e, the median profit reduction for 14 Australian case study businessesm using long run economics, was 53 per cent, said the Business Council of Australia (BCA).
(Full Article)Capping the (carbon) cost at 2 per cent of revenue caps the percentage impact on profits at around 10 per cent, arged the BCA.
(Full Article)Peter Achterstraat, NSW Auditor-General said a confidential reserve price for each transaction needed to be set by Government, based on "retention value". This was the value if no-one offered to buy. NSW Treasury had not done a retention valuation, yet. A Retention Value was lower than the transaction value; and was a State secret. However it was not a secret to anyone interested to multiply MW/h by CO2-e. See above for the results at a low $20 a tonne/C02.
(Full Article)The lower REC prices also mean that the Cal 08 strike levels are significantly below the $57.00 tax effective penalty.
(Full Article)REC values continue to slide.
(Full Article)