The Brotherhood of Lawrence has some useful resources on the impact of a price on carbon (or the carbon tax) for low-income families. As they argue, “A price on carbon is essential to drive the reduction of Australia’s greenhouse gas emissions and contribute to international efforts to address climate change.”
In a brief analysis of the impact they suggest:
Overall the carbon price compensation package appears to adequately compensate vulnerable households. We will however need to monitor the compensation in operation and ensure that the energy efficiency schemes are implemented effectively.
There is a lot of hype about the impact of the price on carbon and concerted attempts to create fear about the initiative. Congratulations to the Brotherhood for producing this useful resource.