If the carbon price is less than $20/t it wont make any difference
I bet the Red strategy is to have a really low initial price just to lull everyone into a state of Relief
"We thought we were going to get whacked with $25/t but it is only $12/t"
The fine print of the Ratchets every few years will be the key
The surprise will be on the LOW side of expectations
To solve your Gas accounting problem the state Govts will likely impose a Domgas reservation of at least 15% (like in WA) so that less gas gets exported as LNG. They will have to keep the lights on for their voters.
Typical format:
The equivalent of 15 per cent of Liquefied Natural Gas (LNG) production from export gas projects will now be required to be reserved for domestic use as a condition of access to (insert state) land for the location of processing facilities
ESG will then be in the box seat to sipply Domgas to satisfy your projected higher demand.
Lastly will this Carbon Tax come to pass considering the new paradigm Worse_than_Whitlam this current Brown-Gillard government has established.
Cheers
A good walker leaves no tracks; A good speaker makes no slips; A good reckoner needs no tally. A good door needs no lock A Member of the Government with a Conscience Should cross the Floor and End this Abomination (After Tao)
ESG Price at posting:
64.5¢ Sentiment: Hold Disclosure: Held
