REQUEST TO DELAY CARBON PRICING IN SENATE

Written on the 14 October 2011

REQUEST TO DELAY CARBON PRICING IN SENATE

QUEENSLAND businesses are asking the Federal Senate to delay implementing carbon pricing mechanisms under the Clean Energy Bills 2011.

Chamber of Commerce and Industry Queensland (CCIQ) president David Goodwin (pictured) says the Senate should wait for more countries to take action because the forecast power and transport price hikes will severely impact on enterprises.

“A carbon pricing mechanism will sound the death knell for many Queensland businesses particularly those trading internationally, competing against imports, operating in regional areas – or in the agriculture, tourism or mining sectors,” says Goodwin.

“Overseas boardrooms are now laughing at Australia and how the Federal Government has put Australian businesses at such an international trade disadvantage.”

Super Amart CEO Eddie MacDonald says any climate change action should be done in sync with other countries and the biggest polluters.

“Doing it ourselves won’t make a difference. It should involve the bigger polluters. I think the carbon pricing will just move dirtier industries offshore and worsen the environment in those countries,” says MacDonald.

CCIQ research shows a carbon pricing mechanism’s effect on small to medium enterprises will be moderate to critical on business profitability, employment, investment and viability.

MacDonald says the mechanism will inevitably increase the cost of doing business.

“Queensland businesses have really struggled through the recession and haven’t recovered yet,” he says.

“There will be less disposable income for consumers to spend. The smaller enterprises will suffer as a result of this in their sales.”

Super Amart’s 2011 financial year revenue was $400 million, representing a 10 per cent increase on the previous period. The Springwood-headquartered furniture retailer will proceed with plans to open a second store in Melbourne and yet another in Perth by Christmas.

Goodwin says although the private sector has a moral obligation to minimise its environmental footprints, business is struggling with rising utilities costs and low consumer confidence.

Digga CEO Suzie Wright has warned the predicted jump in electricity rates will make it too expensive for her factory to use heat treatment and laser-cutting methods for local drilling equipment manufacturing. In the past three years, the Yatala-based company’s revenue and profit has dropped by 17.3 per cent and 45 per cent respectively.


Latest News

CAMPLIFY MOTORS INTO THE UK MARKET

CARAVAN hire and RV sharing community Camplify has made its move in the European market, establishing its first op...

COCHLEAR R&D INVESTMENT DRIVES NEW PRODUCTS AND BOOSTS PROFIT AND REVENUE

COCHLEAR (ASX: COH) has boosted its 2017 full year net profit by 18 percent to $223.6 million and has forecast furthe...

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

TREASURY WINES UNCORKS SWEET $269M PROFIT DESPITE INVENTORY WOES

REVEALING the fruits of its past year of labour, Treasury Wine Estates (ASX: TWE) has posted a 55 per cent increas...

Related News

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

HOW MAKING MISTAKES AND PASSION SCORED WEIGHT LOSS PARTNERS A DEAL WITH SHARK TANK'S JANINE ALLIS

THEY partnered up to provide a scientific and targeted approach to dieting, and Kate Save and Geoff Draper cut Sha...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter