Microeconomic

Table of Contents

Page

1. INTRODUCTION 3

2. EFFECT OF CARBON PRICING ON sparing WELL-BEING 4

3. EFFECT OF CARBON PRICING ON ENERGY CONSUMPTION PATTERN OF AUSTRALIAN HOUSEHOLDS 5

4. EFFECT OF payment SCHEME ON HOUSEHOLDS 8
a. Income and Substitution Effect on blow Tax 8
b. Effectiveness of honorarium plan 9
c. Effect of compensation plan on energy consumption pattern 10

5. coating 12

REFERENCES 13

1. INTRODUCTION
On Sunday 10 July 2011, Australian Prime minister Jullia Gillard announced the long awaited details of Australias vitamin C pricing mechanism. The goal of this scheme is to reduce emission of greenhouse gases which adversely affects environment. The establisment of this scheme encourages the use of renewable energy as healthy as alternative energy. As expected, the programme entrust cover most sectors excluded agriculture. Households are not subjective to vitamin C tax, but apparently being affected indirectly by the increase in market price. Approximately, 500 large companies leave alone be directly liable for the vitamin C price.



The programme will be in effective from 1 July 2012 (Deloitte 2011)
The introduction of carbon pricing mechanism is attached to the compensation scheme applicable to theatre sector. Approximately 50% of revenue generated from the scheme will be used to compensate households via increases in familiy benefit payments, pensions. The social occasion of this paper is to address the effect of applying carbon tax on energy consumption patterns and well-being of Australian households, as well as the effectiveness of compensation scheme on household budgets and economic well-being.
2.
EFFECT OF CARBON PRICING ON ECONOMIC WELL-BEING
The Carbon Pricing Mechanism is to be implemented in two phases. During the first phase, all direct emitters are subjected to a furbish up price at $23 for every atomic number 109 of carbon dioxide equivalent. The carbon price will be fixed for three years from 2012...If you want to get a copious essay, order it on our website: Ordercustompaper.com



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