Which of the following is a criticism of the Australian Government Clean Energy Act 2011 which sets up the carbon pricing mechanism?
A)the carbon price will burden businesses unnecessarily
B)the legislation will encourage investment offshore in countries that do not have a carbon price giving those countries a competitive advantage
C)the tax is not considered to be significant enough to encourage innovation
D)all the options are criticisms that have been put forward regarding the introduction of the carbon tax.

Question

Quizplus · Accepted Answer

All of the options listed have been cited as criticisms of the Clean Energy Act and the carbon pricing mechanism. Some argue that the carbon price will place an unnecessary financial burden on businesses, while others claim that it will lead investment to offshore in countries without similar carbon pricing mechanisms, giving those countries a competitive advantage. Additionally, some believe that the tax is not significant enough to encourage innovation in low-carbon technology.

Which of the Following Is a Criticism of the Australian