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Australian chemistry industry welcomes repeal of the carbon tax

The Plastics and Chemicals Industries Association (PACIA) today welcomed the decision by the Senate to pass the repeal of the carbon tax.

“The swift repeal within this first sitting of the new Senate is a positive outcome for business confidence. This means we have avoided further complexities associated with retrospective implementation of the carbon tax repeal,” said Samantha Read, PACIA CEO.

“The high fixed price of carbon, which far exceeded that of our key trading partners, was an additional burden for our industry that is already operating in a highly competitive global market.

“Businesses in the Australian chemistry industry headed into the 2014-15 financial year uncertain of whether they would face a $25.40 price on carbon. This has significantly impacted operating and forward planning activities. Today’s repeal ends this uncertainty.

“The Australian chemistry industry supports effective action to mitigate the impacts of climate change. We play a positive role in the development of products, technologies and solutions that improve efficiency and help reduce global greenhouse gas emissions.

“We will continue to work with the Government to ensure that future climate change policy is effective in meeting Australia’s international commitments to reduce global greenhouse gas emissions, while allowing the industry to play its role as a key contributor to the Australian economy,” said Ms Read.


Download the ‘PACIA Strategic Industry Roadmap

Media contact:  Claire Selby, cselby@chemistryaustralia.org.au, 0448 028 876.
Released 17 July 2014

About PACIA

PACIA is the pre-eminent national body representing Australia¹s $40bn chemistry industry, whose businesses directly employ 60,000 people and contribute approximately 11.5% of total Australian manufacturing production. PACIA members comprise a broad range of companies positioned across the entire value chain.  Members include chemicals manufacturers, importers and distributors, logistics and supply chain partners, raw material suppliers, plastics fabricators and compounders, chemicals and plastics recyclers and service providers to the industry.  These businesses range from small family-owned companies and innovative medium-sized enterprises, to leading national and multinational enterprises.


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