Update on Carbon Price Modelling released

The Gillard Government has today released updated modelling of the impact of a carbon price which confirms Australia's economy will continue to grow strongly at the same time as we cut pollution.

The modelling shows the impact of a carbon price starting at $23, and also includes elements of the Steel Transformation Plan and Jobs and Competitiveness Program that were not included in the initial report released in July. 

As expected, the updated modelling shows almost no difference with the previous modelling exercise.

The economy continues to grow strongly under a carbon price, with real gross national income per person growing at an average rate of 1.1 per cent to 2050.

Jobs grow strongly under a carbon price, with national employment expected to increase by 1.6 million jobs to 2020.

Click here to read the full update.

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