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Australia's 'carbon budget black hole': fact or political fiction?

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posted on 2024-07-12, 23:46 authored by Stephen McGrail
Discussion of the federal budget has featured much doom-mongering. This is exemplified by forecasts of a A$6-8 billion black hole in 2015-16, when the carbon tax switches to an emissions trading scheme linked with Europe. The government estimates revenue will be A$2.5 billion lower than previously forecast, thanks to revised projections for European carbon prices included in the forward estimates.

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The Conversation

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The Conversation Media Group

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Copyright © 2013. This publication is licensed for reuse under a Creative Commons Attribution-NoDerivs 3.0 United States (CC BY-ND 3.0) licence (http://creativecommons.org/licenses/by-nd/3.0/us/). The published version is reproduced in accordance with this policy.

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eng

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