The carbon tax was designed to minimise the impact (Bumper Bar) before the Emissions Trading Scheme or ETS came into play.
The Current legislation is in 14 parts and is underpinned by the Emissions Trading Scheme (Commodore with a bumper bar).
The Abbott Government have used the word ‘Sustainability” in a business sense and not in the environmental impact in which is was originally defined in 1998 when ISO 14000 the international standard was introduced in environmental management.
The Renewable Energy Target, to Stay in place
Clean Energy Finance Corporation , to Stay in place
There will be a initial zero price on carbon until a new price is set.
This will Give business both direction and a boost of certainty.
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