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Carbon Taxes Now Proven to Increase Energy Costs for Businesses

Written by The Informed Aussie
Published on Tuesday, February 5th, 2013
Globalist Report

carbon tax responsible for a 14.5 per cent increase in energy costsOn July 1 2012, the Australian Federal Government introduced a carbon tax.

However, eight months since the carbon tax was introduced, it has been revealed that the Australian carbon tax is now responsible for a 14.5 per cent increase in energy costs for Australian businesses.

Unfortunately though, the food producers of Australia are the ones who have suffered the most since the carbon tax was introduced. Since the carbon tax was introduced, 90 per cent of food manufacturers have reported a cost increase.

In fact, a survey of  500 firms by the Australian Industry Group revealed that half of the respondents experienced an immediate impact on the cost of production inputs when the carbon tax was introduced on July 1, with 61 per cent of manufacturing businesses noting rising prices.

The survey conducted by the Australian Industry Group also revealed:

  • The Australian carbon tax has impacted directly on the energy costs of Australian businesses by an average of 14.5 per cent since July 2012.

  • 57 per cent of clothing and footwear manufacturers have reported an increase in energy costs, however only 33 per cent have passed the additional costs onto consumers.

Pressures from a strong Australian dollar, rising labour costs and the direct and indirect impacts of the prolonged contraction in construction will eventually lead to high prices for consumers in Australia.

Does Al Gore think he's a prophet?

Does Al Gore think he’s a prophet?

This latest evidence of how carbon taxes are impacting on the cost of doing business comes at a time when the United States government is considering to implement a carbon tax.

Al Gore, climate change advocate and supporter of population reduction, has added fuel to the debate by praising the Australian Government for its efforts to force Australian taxpayers to succumb to paying carbon taxes.

Mr Gore praised the Australian Governments “courage and vision”. Also, the Washington Post  recently stated that the best action that the United States Government could take to tackle climate change was via a carbon tax.

For Australia, the good news is that there is still a chance that the carbon tax could be revoked. Recently, the leader of the Opposition revealed that his party promised to scrap the carbon tax if his party were to be elected at the coming September 2013 election.

Unfortunately though, In the United States, 93% of Democrats and 66% of Republican voters now support a carbon tax.

However, In light of the emerging facts from Australia about how carbon taxes impact on the cost of doing business and the cost of living, more needs to be done to expose the pro-carbon tax lobbyists and their propaganda.

To read the full report published by the Australian Industry Group, click here.

[box title="Andrew Puhanic, Author" color="#ADABAB"]An image of Andrew Puhanic from the Globalist ReportAndrew Puhanic is based in Melbourne Australia and is the Editor of the Globalist Report.The Globalist Report is an Alternative News platform that aim’s to publish informative and relevant articles about issues that the mainstream media ignores.  Click here to contact Andrew Puhanic. You may also contact Andrew via Facebook and Twitter. [/box]