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Are companies aware of carbon tax implications?

20th Jul 2012

Despite the carbon tax coming into force nearly three weeks ago, a new report has claimed that some businesses are still pretty clueless when it comes to its implications.

Frost & Sullivan has released a study entitled Impact of Australia Carbon Tax on the Energy Markets - a Strategic Perspective, which claims that non-liable companies are among the least informed.

There are all sorts of grants available to them - and the tax will still impact their operations in one way or another - but this is something that many companies are overlooking.

Frost & Sullivan senior consultant Sarah Wang said: "The increased electricity price caused by [the] carbon tax is expected to create immediate demand for energy efficiency solutions as well as renewable energy power generation."

Industrial companies that consume large amounts of energy could face a cost increase of between five and 15 per cent, meaning they are likely to go in search of ways to become more efficient.

The carbon tax is sadly not something that businesses can simply ignore, leading the group to suggest that more should be done to promote awareness of the challenges that it presents.

Although there is no way round carbon pricing, there are ways that companies can reduce its impact and get their finances back on track in no time.

This might involve reducing energy usage or installing new technology - solar panels are one option, but maybe we are a little biased!

The Victorian government was keen to give a few ideas on how to avoid being caught out by the tax, which included measures such as making the most of any government incentives that are available.

Cash is there for the taking, so why not do a little research and see how it could benefit your business?

Posted by Bob Dawson

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