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Carbon scheme too high a price to pay: survey

| Sourced From NorthQueensland Register |

Australians are willing to put their money where their mouth is to address climate change, but not to pay anywhere near the expected costs of the governments Carbon Pollution Reduction Scheme (CPRS).

That’s the key finding from a survey from researchers at the Australian National University.

The study by PhD student Sonia Akter and Professor Jeff Bennett of the ANU Crawford School of Economics and Government investigated the benefits of the CPRS and compared them to the costs of the scheme.

The pair surveyed 600 Sydney residents to find out their willingness to pay the extra household costs.

The study results show, yes, Australians are concerned about climate change and they are willing to pay for action.

But those levels of concern and willingness to pay are significantly less than the expected costs in Treasury modelling of the CPRS.

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