Benefits of Australia’s Carbon Tax
Some call it unpopular. Some call it controversial. Whatever you call it, Australia’s new carbon tax has been introduced and is likely here to stay. Since being implemented, Australians are beginning to warm up to the new tax, and for good reason, too. There are several advantages to the carbon tax.
One advantage is that business will know exactly what to expect for a period of time. The tax rate is known, so there will be no unexpected surprises. This is especially important because if the tax had not been implemented, it is extremely likely that Europe would impose sanctions that would ultimately cost more in the end. This relates directly to the government’s plan to create investment stability.
A second advantage is government revenue. This will allow the government to apply funds to several different areas. This might include transitional assistance for homes or businesses, reducing other taxes, or supporting the progress of low emissions technology. This allows the government to recognize the impacts of environmental effectiveness and opportunities for energy security.
Another benefit is that it can be implemented quickly, which lends itself to administrative simplicity. Simplicity within the government can help cut excess costs.
The biggest benefit to this new carbon tax is, of course, the potential it has to decrease carbon emissions and increase environmentally friendly energy sources. As costs increase for the use of carbon energy, businesses and homeowners will try to find more efficient ways of using energy. As the demand for environmentally conscious energy increases, it is likely that the development of such technologies will also increase. By doing this, concerns about the environment and renewable resources will be addressed.
With concerns about global warming and a lack of renewable energy use, countries all over the world are trying to find ways to improve the situation. With more advantages than not, this carbon tax is proving to be valuable. Those who have tried to understand the rationale behind the tax are seeing that value and the increase of approval is evidence of just that. Ultimately, Australia’s new carbon tax is a step in the direction of change. Change for the people, for the government, and for the environment which can changethe way we live.
For further information on this topic contact Mark Brown Electrical on 1300 72 7798.