The Australian National University’s (ANU) Centre for Climate Economics and Policy has released the results of its Australian Carbon Pricing Survey 2012, which asked experts working in Australia’s largest greenhouse gas-emitting companies as well as representatives from carbon financing and the investment industry to indicate their expectations on the future format of the carbon pricing mechanism.
79 per cent of respondents expect that there will be a carbon price in place in Australia in the year 2020, but 40 per cent expect that the current scheme will be repealed by the end of 2016.
Of those who expect a repeal, almost half think that a carbon price will be re-instated by 2020.
69 per cent of respondents from large carbon emitters indicated that their companies have cut emissions in anticipation of a carbon price, and 84 per cent expect their company to do so over the next three years.Article continues below…
“Factoring in expectations of a possible zero carbon price, the average expected Australian carbon price falls from its initial level of $23 per tonne of carbon dioxide equivalent to $10 to $11 per tonne during 2016-18, before climbing to $22 per tonne in 2025,” the Centre for Climate Economics and Policy said.
To read the results of the survey, click here.