Assistance will "significantly reduce" effects of carbon tax on industryBY RACHEL ALEMBAKIS | WEDNESDAY, 3 AUG 2011 6:46AMCompanies that fall under the government's proposed carbon pricing scheme will most likely see the negative effects on costs and earnings "significantly reduced" by the planned assistance package, according to research from MSCI. Emissions Intensive Trade Exposed (EITE) industries such as steel will feel a "negligible" effect, while aluminium smelters and refiners could see reductions in earnings before interest, tax and amortisation (EBITA) reduced by up to 1% in 2012-2013, MSCI concluded based on an analysis of recent output, emissions and earnings levels. Related News |
Editor's Choice
Podcast: Divestment, impact, and all that good stuff with Sharon Davis of Future Super
Today, senior journalist and host Rose Mary Petrass sits down with Sharon Davis, Executive Director of Investments at Future Super, a superfund that invests for a fossil fuel free future.
Three innovations to fix carbon market
With effective risk management and capital allocation, Australia's carbon market can scale to become the biggest in the world, Westpac and the Carbon Market Institute (CMI) say.
Investors fail to vote for climate despite pledges
Board directors of energy companies continue to be elected with over 95% shareholder support, even when those companies perform poorly against investor expectations.
RIAA: Sustainability goes mainstream
The RIAA Conference Australia 2024 is coming up in May, helping investors navigate the mainstreaming of sustainability, and unveiling pivotal initiatives like the Sustainability Classifications and the Artificial Intelligence and Human Rights Investor Toolkit.
Whitepapers
Blue bonds: A growing resource for sustainability financing
Issuance of sustainable debt has exploded over the past 10 years as investors seek investment returns by allocating capital toward sustainability efforts.
New ESG reporting regulations - will they uncover existing risks for your company?
New, global ESG disclosure requirements are on the horizon, including for New Zealand, Australia, Europe, the United States and Singapore.
Closing Loopholes legislation
The Fair Work Legislative Amendment (Closing Loopholes) Bill 2023 has been split, with the first part of the Bill passing the Senate on 7 December ...
COP28 Unveiled: Assessing Global Climate Progress and the Road Ahead
This year's United Nations climate change conference, COP28, is in many ways an important milestone, as it will respond to the first so-called global ...
