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He said the tax would raise the price of aluminium from about $2500 a tonne to $2518.70."In other words, the carbon cost relating to the core pollution activity for steel would be one-third of 1 per cent of the value of a tonne of steel and three-quarters of [link widoczny dla zalogowanych] 1 per cent of the value of a tonne of aluminium," he said.In a recent paper, the government's climate change adviser Ross Garnaut suggested a carbon price in the $20 to $30 range.Mr Combet also confirmed more than 50 per cent of the carbon tax's revenue would be used for permanent assistance for millions of households.He said the tax would be levied on 1000 of Australia's biggest polluters.
But he said the largest impact would be borne by just a few dozen."When you exclude sectors that will not be covered by the carbon price, the 50 largest polluters will be responsible for around two-thirds of carbon liabilities," Mr Combet said.The speech was an attempt by the government to regain its footing on the climate change debate and ease the concerns of voters and key industry sectors.But key questions remain unanswered,[link widoczny dla zalogowanych], including the final carbon price and the finer details of household compensation.Those details are likely to be released in the second half of the year as [link widoczny dla zalogowanych] the government pushes to finalise the scheme and get it through the parliament by the end of the year.Mr Combet contrasted Labor's plan the Coalition's direct action policy to fight climate change through planting tress and storing carbon in soil.
He said the proposal would result in a $30 billion budget black hole, costing households $720 a year.But opposition treasury spokesman Joe Hockey said Labor's carbon tax would simply redistribute wealth rather than change behaviour."If a lot of people are better off, what's the purpose of the tax?'' he asked."If you want to change behaviour then you impose a tax with punitive measures behind it and that's why we are [link widoczny dla zalogowanych] opposed to this.''Mr Combet confirmed some households would do better under the tax than they would ordinarily.He said the compensation had been set above the anticipated tax burden for many households because household energy usage varied."We are always motivated as a Labor government to do what we can to help people who need it the most. That will be reflected in our policy approach here as well,'' he said.
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