Bill Shorten and the Labor Party have today confirmed their plans for the world’s highest carbon tax, as a part of the resolutions passed at the ALP Conference.
If elected, Labor will re-introduce a carbon tax which will result in a huge electricity tax spike for all Australian households and businesses.
No matter if Labor calls it an ETS or a carbon tax, what it means for Australians is higher electricity prices.
In addition, Labor will seek to introduce a Renewable Energy Target of 50% by 2030 with no modelling or without explaining to the Australian people how this will be achieved and what it will cost us.
Bill Shorten has also aligned himself with the Climate Change Authority’s post-2020 emission reductions targets of a staggering 60% reduction by 2030. The world’s largest carbon tax will return supercharged to meet their commitment.
No other country in the world has made a commitment this large.
Labor must immediately reveal their analysis on the costs of this proposed target. The Climate Change Authority has not released any economic analysis of the costs this target will impose on Australians.
Today Bill Shorten and Labor have shown their clear disregard for the Australian people. These resolutions will result in a triple hit on energy prices across the country and it will be everyday Australians that will suffer.
The Coalition is committed to addressing the issue of climate change in a measured and responsible way. Not only have we met and beaten our Kyoto I targets, but we are well on track to meeting and beating our Kyoto II targets. We will be shortly announcing our post-2020 targets which will be strong and credible.
Our Emissions Reduction Fund has also proven that we can achieve real and significant abatement. The first ERF auction has delivered 47 million tonnes of abatement at around one percent of the cost of Labor’s original $1300 a tonne carbon tax.
The Coalition can deliver real results – without a painful and ineffective supercharged carbon tax.