August 2012 APPLYING AN EQUIVALENT CARBON PRICE TO SYNTHETIC GREENHOUSE GASES Under the Australian Government’s Clean Energy Future Plan introduced on 1 July an equivalent carbon price now applies to synthetic greenhouse gases. The price per tonne of synthetic greenhouse also persist in the atmosphere for many years, gas is based on the carbon price and the in one case 3000 years or more. global warming potential for each gas relative to carbon dioxide. Who is affected by these Applying an equivalent carbon price to changes? synthetic greenhouse gases creates a financial incentive to reduce emissions by Importers of synthetic greenhouse gases, placing a price tag on every tonne of synthetic including importers of equipment containing greenhouse gases. these gases, are required to pay the equivalent carbon price. While these gases It encourages Australian consumers to are currently not manufactured in Australia consider purchasing products containing any domestic manufacturer would be required alternative gases and to take measures to to pay the equivalent carbon price. reduce leakage of gas from equipment. It also provides an incentive for industry to use alternative gases and to improve recycling How much will it cost rates for these gases. consumers? The impact on consumers is low as the What are synthetic amount of these gases in consumer products is generally small, with the synthetic greenhouse gases? greenhouse gas content being a small part of Synthetic greenhouse gases are industrial the overall cost of the product. chemicals used mainly as refrigerant gases in air conditioning and refrigeration equipment. For example, the price of a domestic They are also used for foam blowing, as refrigerator may increase by around $4 and propellants in specialty aerosol products and the price of a new car may increase by around in the pharmaceutical, fire protection and $18 because of the synthetic greenhouse gas electricity supply industries. contained in the air conditioner (if the full amount of the equivalent carbon price is These gases generally have high global passed on to consumers). warming potentials, in the range of 140 to 23,900 times that of carbon dioxide. They can The government’s household assistance Will the equivalent carbon package has taken these impacts into account price apply to all products and ensures that two in three households receive tax cuts or increased payments that containing synthetic cover their expected average price impact of greenhouse gases? both this measure and the other elements of The equivalent carbon price applies to all the carbon price. products containing these gases subject to Where alternatives are available, consumers exemptions which may be provided where: will be able to reduce their costs by choosing the minister determines it would be products that contain these alternatives. For impractical to apply the equivalent carbon example, certain brands of domestic price to a product containing synthetic refrigerators do not contain these gases. greenhouse gas or the product is for medical, veterinary, or When does the equivalent health or safety purposes. carbon price commence? The government will carefully consider the The equivalent carbon price is part of the impact on consumers of applying the government’s Clean Energy Future Plan and equivalent carbon price to certain items, commenced on 1 July 2012. particularly those critical for health or safety. What products are affected by More information the new arrangements? For more information about the carbon price Products which are likely to be affected by the package visit the Clean Energy Future changes include: website: www.cleanenergyfuture.gov.au/clean- air conditioners (domestic, commercial and energyfuture/our-plan/. vehicle) For more information about the government’s refrigerators and freezers (domestic and administration of synthetic greenhouse gases commercial) go to specialty aerosol products www.environment.gov.au/atmosphere/ ozone/sgg or call the Department of fire protection equipment Sustainability, Environment, Water, Population and Communities on high voltage electrical switchgear used by 1800 803 772. the electricity industry specialty solvents.
Pages to are hidden for
"What are synthetic"Please download to view full document