REVENUE from the carbon tax is expected to earn around the same as revenue from alcohol and tobacco and about a sixth of that earned from the GST.
Too much carbon dioxide in our atmosphere is just as dangerous as drinking too much alcohol or smoking cigarettes – it’s just not as obvious.
Like the tax on alcohol and tobacco, the purpose of the carbon tax is to change our habits, in this case the way we generate and/or use energy.
If we want to reduce the impact of the carbon tax the easiest way is to reduce our energy consumption.
There are a number of ways that households can do this such as turning off lights when not required, turning off appliances at the wall, installing LED bulbs and/or installing PV solar panels.
Energy conservation is good for households, for the planet and for our grandchildren but humans usually need an incentive to change long-standing habits – thus the introduction of a carbon tax to drive that change.