The carbon price
Accounting for carbon
From 1 July 2012 approximately 500 of Australia’s largest companies will be liable for the carbon price of $23 per tonne of carbon dioxide equivalent (CO2 – e) emitted by those facilities which trigger a threshold of 25,000 tonnes of covered CO2 – e emissions.
Even if organisations do not have a direct carbon price liability, they may be impacted by the indirect flowthrough of the carbon price. The extent of the flowthrough will be different between products and industries.
Therefore it is important that all organisations have a good understanding of their current emissions and energy use to be able to properly assess and mitigate the financial impacts.
Included within the carbon price legislation is also a significant amount of compensation and industry assistance designed to assist companies across many sectors transition to a carbon constrained economy.
The carbon price will be introduced with a fixed price phase on 1 July 2012 for three years and will transition to a floating price phase from 1 July 2015. With the carbon price set to commence from 1 July 2012 all organisations should be preparing for it – what about you?
|Are you prepared?
Key issues that you should consider.
Deloitte Australia Report, June 2012 | 8 pages