by Alan Thornhill
The new carbon tax is already starting to work.
Although not yet three weeks old, the new tax is already causing Australian businesses to look for new ways to cut their power bills.
This is reflected in the results of a new report, ordered by the Australian Industry Group, a declared opponent of the tax,
In a statement just released, the AI Group said the report “highlights the mounting pressure on business from rising energy prices.”
Then it adds: “We found a major rise in action to boost energy efficiency.”
This is precisely what the tax was meant to achieve.
However, the report identifies problems, as well.
The statement said it has also “identified barriers to further and deeper action,”
The Ai Group’s Chief Executive Innes Willox said the report, ”The Ai Group report called Energy Shock: pressure mounts for efficiency action is based on a survey of more than 300 businesses across the economy.
He said it had sought information about the use these businesses made energy.
It had studied how they used electricity, gas and liquid fuels.
It had also sought information on the management of electricity costs and energy efficiency practices.
It had also asked what else should be done.
The key findings included:-
- An increasing share of business effort is being directed towards energy efficiency improvement, and pressures are mounting to do even more.
- However, to date most efficiency improvements have been relatively modest, indicating that business capital for investment is either not available or is being used for other purposes.
The survey also suggested that more co-operation from government would be needed.
That government more closely engage with industry in the design, implementation and evaluation of energy efficiency policies.
- That government conduct further analysis of the reasons businesses would or would not try to access specific forms of government assistance with a view to improving the effectiveness of energy efficiency policy.
Alan Thornhill is a parliamentary press gallery journalist.
Private Briefing is updated daily with Australian personal finance news, analysis, and commentary.
Tuesday May 21
The Dow Jones Index fell 18.97 points to 15,335.40
Unions are seeking a rise of $30 a week in the National Wage Case, which opens today
The latest Morgan Poll shows support for the L-NP down 1 per cent to 55 per centover the past week and the ALP at 45 per cent, 1 per cent, on a two-party preferred basis.
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