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Summary indicators

Macroeconomic modelling with an initial domestic carbon price of $20 in 2012-13
  Without carbon pricing With carbon pricing
Current levels – at 2009-10    
Actual emissions, Mt CO2-e 578 578
GNI per person, $'000/person 55.8 55.8
Medium term – at 2020    
Emission target, change from 2000 level, per cent - -5
Domestic emissions, Mt CO2-e 679 621
Abatement task1, Mt CO2-e 159 -
Carbon price, real, $/t CO2-e - 29
GNI per person, $'000/person 65.1 64.8
GNI, change from global action scenario, per cent - -0.5
GDP, change from global action scenario, per cent - -0.3
Emission-intensity of GDP, kg CO2-e/$ 0.39 0.36
Long term – at 2050    
Emission target, change from 2000 level, per cent - -80
Domestic emissions, Mt CO2-e 1008 545
Carbon price, real, $/t CO2-e - 131
GNI per person, $'000/person 91.2 86.9
GNI, change from global action scenario, per cent - -4.7
GDP, change from global action scenario, per cent - -2.8
Emission-intensity of GDP, kg CO2-e/$ 0.28 0.15
Overall impact, 2010 to 2050    
Australian real GNI per person, average annual growth, per cent 1.2 1.1
Australian real GDP per person, average annual growth, per cent 1.4 1.3
Gross world product, PPP, average annual growth, per cent 3.5 3.4

Note: All dollars are 2010 prices, PPP - purchasing power parity, Mt CO2-e - million tonnes of carbon dioxide equivalent.

1. This calculation excludes abatement from the Carbon Farming Initiative (CFI) of 7 Mt CO2-e in 2020. Without a domestic carbon price, CFI abatement is exported or used in voluntary markets and therefore cannot be counted towards Australia's abatement task.

Effects on household prices with an initial carbon price of $23 in 2012-13
  Weekly expenditure
$ per week
Consumer prices
Per cent
Electricity 3.30 10
Gas 1.50 9
Food 0.80 <0.5
Overall effect 9.90 0.7

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