Carbon announcement: Latest commentary

Key Points

  • The Institute’s Manager of Sustainability and Regional Australia, Geraldine Magarey, attended the stakeholder lockup for the carbon package announcement
  • She says the role of the new clean energy regulator will be crucial in providing individuals and businesses with confidence in the scheme
  • The Institute's Tax Counsel, Yasser El-Ansary, has provided more commentary in his blog.

The federal government announced details of its carbon package in Canberra on 10 July 2011. The Institute’s Manager of Sustainability and Regional Australia, Geraldine Magarey, attended the stakeholder lockup for the announcement.

Ms Magarey says the role of the new clean energy regulator will be crucial in providing individuals and businesses with confidence in the scheme. However, she says it is critical that regulatory burdens and compliance costs are kept to a minimum.

The Institute has been a strong advocate of complementary tax measures to be introduced alongside the carbon price.

Ms Magarey says while renewable energy grants announced by the government will help to drive some business investment in new technology, putting in place a broad range of complementary measures such as a green business investment tax allowance would do even more to encourage the sort of investment needed.

More information about the Institute’s views on the announcements is in our media release.

Ms Magarey and the Institute's Tax Counsel, Yasser El-Ansary, have provided some commentary in their blogs:

Article last updated 19 February 2014