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Australian Business Review Weekly Carbon Pollution Reduction Schemes and SMEs

Citing a major report prepared by Castalia, the Australian Chamber of Commerce and Industry (ACCI) says minimal compensation promised to small and medium sized enterprises (SMEs) in the Australian Government's Carbon Pollution Reduction Scheme (CPRS) is an oversight that may slash the profitability of the biggest job creating sector of the economy. 

In June (2009) ACCI commissioned Castalia to assess the likely impacts of the CPRS on small and medium enterprises in food processing, plastics and chemicals, machinery, and equipment manufacturing that are competing with overseas companies not, for now, subject to carbon regulation.

Castalia found that unilaterally achieving the Australian Government’s 5 to 25 per cent carbon reduction targets under the current design of the CPRS would significantly impact upon the profitability of Australian SMEs competing with overseas  as a result of higher energy and transportation costs, unless revisions to compensation arrangements within the CPRS are re-structured to include SMEs.

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