Restructuring the Australian economy to emit less carbon

Grattan Institute released its public report “Restructuring the Australian Economy to Emit Less Carbon” on Thursday 22 April 2010. Using a detailed analysis of Australian industries’ own data, the report concludes the proposed free permits being offered by the Federal Government under its carbon pricing scheme are unnecessary. The report also shows that adapting to a carbon price is less difficult than the structural adjustments as a result of tariff reduction, competition policy reforms and the introduction of the GST. John Daley, Grattan Institute’s Chief Executive Officer, presented a seminar on Wednesday 28 April, outlining the key findings of the report and discussed the implications for Australian policy making.