Australian Bureau of Statistics
4629.0.55.001 - Discussion Paper: Environmental taxes in Australia - Experimental new statistics, 2000-2011
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 13/12/2012 First Issue
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RENEWABLE ENERGY CERTIFICATES
On the receiving end, subsidies on production to businesses under the REC scheme have risen from $44m in 2001-02 to $323m in 2010-11. In 2010-11, households received capital transfers just above $1.7 billion from installing renewable energy sources, up from an initial $11m in 2001-02.
It should be noted that there have been updates to the data since the extraction in July 2012 described in this chapter. These changes are minor and will be incorporated in future releases. Despite new technologies, the reduction of fuel use in vehicles, and limited substitution of fossil based fuels with renewable fuels, the demand is still high for fossil based fuels. Tax rebates on fossil fuels are widespread across the economy, and little impact is seen in the statistics of any change in the composition of fuel consumption. In Australia, taxes on energy are placed on fossil fuels for transport, but fossil energy used in products and production processes are exempt from taxation.
This page last updated 12 December 2012
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