Wednesday, July 25, 2007

Carbon trading winners and losers


Transport, utilities, construction and households stand to lose the most from an emissions trading scheme, according to one report, with another showing the longer carbon trading is delayed, the greater the impact will be on household energy bills.

A report released by Deutsche Bank assessing the prime ministerial task group's report on emissions trading shows that corporate earnings could be reduced by up to 15 per cent by 2050.

The report, which assessed the "winners and losers" out of an emissions trading scheme that Prime Minister John Howard says will be implemented no later than 2012, found that transport, the energy sector, construction, commercial services and consumers will be hit hardest.

See full Article.