The Impact of an Emissions Trading Scheme on State Government Budgets

by David Richardson and Richard Denniss

The Carbon Pollution Reduction Scheme (CPRS) places a $20 per tonne of CO2 price on carbon pollution. While the government advocates schemes to help businesses pay this increase, no such scheme has been passed onto the states and territories. The states and territories would pay a projected $1.5b, or 15,000 teaching, policing and nursing jobs. This should be addressed by the federal government. 

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