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Media Release
Minister for the Environment and Heritage
Senator the Hon. Ian Campbell

13 February 2005

Electricity costs to soar under Labor carbon plan - Beazley must come clean

Federal Opposition leader Kim Beazley must come clean on plans by Labor premiers to introduce a greenhouse gas emissions trading scheme which would increase average domestic power bills by as much as $239 a year.

One of Labor's key environment policies is a national carbon trading scheme that would allow companies to offset any greenhouse gas they emit during production by trading in carbon credits.

Labor's policy on the environment states that:

"Labor will: support a carbon trading regime."

All of the labor state and territory premiers signed on to this policy. But they have refused to reveal the cost burden to households and industry.

A study by the Allen Consulting Group commissioned by Labor last year showed a trading scheme could result in the cost of electricity soaring by as much as 27 per cent.

Based on the average national power bill, that would mean an extra $239 a year for homeowners.

The onus is on Mr Beazley to state his position on the introduction of a carbon trading scheme.

Mr Beazley's flawed policy to sign Kyoto includes a carbon trading scheme. What he must explain today is how much that will cost taxpayers.

Will Mr Beazley stand by state premiers and by the disastrous Kyoto policy of failed leader Mark Latham?

Media contact:
Senator Campbell's office: Renae Stoikos on 02 6277 7640 or 0418 568 434

Commonwealth of Australia