Over half the money raised from the carbon price is being used to assist households.
Australian jobs, competitiveness and the economy
Over the next 40 years we will see the creation of 6 million jobs and investments of $100 billion in the development of renewable technologies.
Q. How can builders benefit from gaining the knowledge and skills they need to construct homes that are more energy efficient?
The demand for houses that are energy efficient is on the rise as Australian homeowners begin to realise the benefits. Equipping builders with the skills they need to produce cutting-edge constructions that lead the way in energy efficiency will help their businesses thrive as this steadily growing market continues to expand.
Q. Want to know more about the Carbon Farming Initiative?
The Australian Government is committed to keeping the Australian economy strong and is supporting Australian business and industry through the transition to a clean energy future. There are a number of programs supporting investment in clean and renewable technology as well as support for emissions-intensive, trade-exposed industries.
The Government is providing assistance through a number of programs which support investment in the innovation of clean and renewable technology and workers in emissions-intensive, trade-exposed industries.
The majority of the economy is largely unaffected by carbon pricing. Industries employing more than 90 per cent of the workforce account for less than 10 per cent of emissions.
Many businesses are already embracing the shift to renewable and sustainable technologies and operations.
Climate change and the clean energy future
Australia takes seriously the need to act on climate change. With the introduction of the carbon price on 1 July 2012, we are on our way to realising a clean energy future for the benefit of all Australians.
With the implementation of the Clean Energy Future legislation Australia is being economically rewarded as businesses find ways to cut carbon pollution and focus on clean, renewable and sustainable sources of energy generation.
The Clean Energy Future legislation is starting to shift Australia’s economy from one that is based on the generation of power from heavy polluting resources such as coal, to one that thrives on renewable energy technologies such as wind, wave and solar. With investment in renewable technology we will see innovative new ideas in our universities, businesses and across governments, driving productivity, boosting employment and keeping our economy competitive.
Treasury modelling shows that under a carbon price jobs continue to grow. By 2020, national employment is projected to increase by 1.6 million jobs. Incomes also continue to grow strongly. By 2020, average incomes are expected to increase by about 16 per cent from current levels, an increase of around $9,000 in today’s dollars.
Small businesses are not liable for the carbon price.
In fact, small businesses benefit from tax relief with an increase in the small business instant asset write-off threshold to $6500 and personal income tax cuts for unincorporated businesses.
Small businesses may also find that making changes to their business practices to be more sustainable and more energy efficient will deliver additional benefits to their business.
Silo Estate Winery two hours South of Sydney, NSW, has made a number of changes to their business practices to ensure its carbon footprint is neutral. Watch the video to see how these changes have increased their business’s turnover whilst keeping their energy usage low.
The move to a clean energy future will see factories and businesses equipped with new technology, as well as the creation of whole new industries in the renewable energy sector.
The Australian Government is supporting skills creation in the clean energy sector through the $32 million Clean Energy and Other Skills program.
Additionally the Coal Sector Jobs Package is supporting workers in the most emissions-intensive, gaseous mines whilst options for reducing carbon pollution are explored.
The Coal Mining Abatement Technology Support Package is supporting the coal industry to reduce emissions from the mines that produce the most carbon pollution.
The Government is also supporting investment in innovation through the establishment of the Clean Energy Finance Corporation, which will see the investment of $10 billion in renewable energy, energy efficiency and low emissions technologies.
It is also supporting skills creation in the clean energy sector through the Clean Energy and Other Skills program, whilst providing grants for manufactures to develop and install new equipment to save on energy costs and reduce pollution through the $1.2 billion Clean Technology Program.
For further details about jobs, competitiveness and the economy see: