for greg hunt, saving a few bucks is more important than saving the planet....
Experts have rejected claims by the Abbott government that household expenses would be significantly smaller after a repeal of the carbon tax.
Prime Minister Tony Abbott and Environment Minister Greg Hunt said on Monday average households would be $550 a year better off with the scrapping of the tax.
Some $280 of the predicted $550 savings for the final year of the carbon tax – due under current legislation to revert in mid-2015 to a floating price at about a third of the present level – will require businesses to pass on lower costs.
The Australian Competition and Consumer Commission “will have additional powers to monitor prices to ensure that businesses pass on the benefits from the repeal of the Carbon Tax,” a spokesman for Mr Hunt said.
Hugh Saddler, a principal consultant for energy analysts, Pitt & Sherry, said it had been “almost impossible” to see the carbon price footprint when it was introduced, and it will be no easier to tell the response if it is removed.
The Australian Bureau of Statistics agreed.
“The ABS is not able to quantify the impact of the introduction of carbon pricing, compensation or other government incentives and cannot produce estimates of price change exclusive of the carbon price,” the ABS said in a statement.
“Similarly, the ABS will not be able to quantify the impact of removing the carbon price (if that were to occur).”
Read more: http://www.smh.com.au/federal-politics/political-news/experts-reject-coalition-claims-of-carbon-tax-savings-20131016-2vmts.html#ixzz2hsDDpz9g