carbon tax impact on gas projects

This is what the Greens need to get into their heads about the carbon tax (from ABC online just now):

"The Government says it has seen Treasury modelling showing the carbon price will help encourage more gas-fired electricity generation."

And, Combet said today that the carbon tax will not affect the massive investment in LNG ... which is good news:

"Mr Combet seized on another report from Australian National University, saying job losses from the carbon tax could be absorbed by other parts of the economy.

He says that is a repudiation of the Minerals Council of Australia's warnings that 23,000 miners will be out of a job because of the tax.

"I wouldn't rely too much on the Mineral Council's assertion here," he said.

"Let's not forget in the resources sector there's a massive pipeline of investment in coal and LNG at the moment and a carbon price is not going to materially affect that in our judgement."

H