Analysis published yesterday by Bloomberg New Energy Finance (BNEF) says that there is a 32 per cent chance that Australia’s carbon price will be repealed after the 14 September federal election.
The full BNEF White Paper – “Will Australia’s carbon price last?” – can be found by clicking here.
The analysis projects, among other things, that the Coalition will have to win a majority in the House of Representatives and control enough votes in the Senate to successfully pass legislation through parliament to rescind the Clean Energy Act.
Also it projects that (in a Coalition win and Tony Abbott being Prime Minister scenario) if Abbott secures a majority of votes in the Senate, the earliest he could rescind the carbon price is the second half of 2014 after the Senate changes hands on 1 July 2014.
