Companies calculate cost of carbon tax

Compensation available: However, the net cost of emissions trading for these companies was likely to be far less. Not only would they be able to pass some costs to customers, but also these companies would all be likely to be able to claim compensation. Under the federal government’s proposed emissions trading scheme, companies operating in trade-exposed industries would be allowed to claim free permits to offset the cost of carbon price. But the details of these arrangements were still being discussed with industry, wrote Breusch.

Many companies listed by CDP: While the Carbon Disclosure Project listed only those companies that responded to its requests, that included 74 per cent of the S&P/ASX 50 and all but one company in the S&P/ASX 20. Responding to the CDP, BlueScope had said it was too early to estimate the likely cost of emissions trading.

The Australian Financial Review, 24/10/2007, p. 7

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