On 16 July 2013, the Prime Minister announced the decision, which will affect the Clean Technology Investment Programs, to bring forward the commencement of Australia’s emissions trading scheme to 1 July 2014. This means that Australian businesses are expected to face a carbon price of around $6 in 2014-15, lowering the carbon costs faced by manufacturers by around 75 per cent.
New Clean Technology Investment Programs applications
As a result of these changes, AusIndustry announced that all applications for the Clean Technology Investment Programs will now be considered in the context of expected 2014-15 carbon price of $6 per tonne. This means that the closer the savings are to the expected carbon price, the more likely it is that the project will be rated as competitive under the first Merit Criterion. For further information, please see the official AusIndustry website or contact us on [email protected]