The online tool and related materials are based primarily on independent analysis undertaken by CSIRO and AECOM. The Climate Institute commissioned CSIRO and AECOM to undertake independent research into the impacts of a carbon price on costs of living for Australian households, with project funding from the Federal Department of Climate Change and Energy Efficiency. CHOICE and ACOSS provided advice through the development of the report and partnered with the Climate Institute in the launch of the yourcarbonprice.com.au website.
The information presented in this tool is intended to provide the user with an indicative estimate of how the carbon price will affect their cost of living, based on the information they have provided and the best available information on how the carbon price will affect the price of daily items. The exact impact will vary depending on the individual’s particular circumstances. This information should not be used to make any financial or investment decisions. The Climate Institute and its project partners accept no responsibility for any consequences resulting from decisions made based on this information.
The Government has estimated that nine out ten Australian households will receive financial assistance through the carbon price reforms. This assistance will be delivered through a mix of tax cuts and increased benefit payments. Exactly how much assistance your household will receive depends on your specific circumstances, including your income level and the number of dependent children. For a more detailed estimate of the level of assistance you will receive, visit cleanenergyfuture.gov.au.
The Government’s Clean Energy Future package is designed to reduce carbon pollution levels by between 5 and 25 per cent below 2000 levels by 2020. This equates to a cumulative savings of between 681 million and 1.1 billion tonnes between 2012 and 2020.
The information corresponding to energy saving measures was derived from analysis prepared for the Clean Energy Council and CHOICE by the Sustainability Advice Team and Pitt and Sherry. A technical note detailing all assumptions is available here.