Results from an independent study by CSIRO and AECOM Reality Check: An assessment of how the carbon price will affect the cost of living

About this project 2 +Partners: CHOICE – ACOSS – The Climate institute +Researchers: CSIRO and AECOM +Outputs: +Detailed report with results and methodology +Summary material and fact sheets +Your Carbon Price online tool

About the carbon price 3 +Who pays? +Around 500 companies +Doesnt come out of your pay packet and unlike the GST it wont show on shopping dockets

About the carbon price 4 +Whats the purpose? +Provides a financial incentive to cut carbon emissions +Will make cleaner energy sources and low carbon emissions ways of doing business cheaper by comparison

About the carbon price 5 +How much carbon pollution will be saved? +Between 0.68 and 1.1 billion tonnes over the period 2012 to 2020

About the carbon price 6 +Where does the money go: +Households: tax cuts and benefit payments +Businesses: free permits and technology funding +Clean energy and energy efficiency

Impact on inflation 2012 /

What does it mean for households? On average $9.10 per week – 80 cents less than estimated by Treasury 8 $2.80 wk $0.40 wk $1.20 wk $4.20 wk (clothes, recreation, etc) $0.00 wk (There will be no price impact on household fuel costs)

Past inflation spikes 9 +Smaller than past inflation spikes +Less than half the impact of the mining boom (1.6%) +Smaller than Cyclone Larry (0.8%) +4 times smaller than the GST (2.5%)

Whats really driving up power bills? 10

And food bills? 11

Assistance +Low income: generally better off +Middle income: at least 60% of costs to be covered, on average; better off in many cases. +High income: generally limited assistance 12

Assistance 13

Smart Consumer 14 Tip 1 Tip 2 Tip 3 Washing clothes in cold water – Save up to $2.25 per week Install water saving shower head - Save up to $5.20 per week Reduce standby power consumption – Save up to $1.75 per week Save money by investing in simple, low cost energy efficiency measures.

What does it achieve? 15 The carbon price will be paid by around 500 of Australias biggest polluting companies, not households. It has the potential to cut up to 1.1 billion tonnes of pollution from the atmosphere by This is equivalent to taking 70 million cars permanently off the road Driving investment in cleaner energy sources.

Online tool +Where: yourcarbonprice.com.au + Facebook.yourcarbonprice.com.au +What: +Interactive +Estimate of costs and assistance +Energy efficiency opportunities 16

yourcarbonprice.com.au +Low income: generally better off +Middle income: at least 60% of costs to be covered, on average; better off in many cases. +High income: generally limited assistance 17

Tool Kit +Fact sheets +Flyers +Material for newsletters and journals +Articles, oped pieces & online banner ads etc 18