Despite all the bluster from Tony Abbott and the Coalition about repealing the carbon price, most companies simply don’t believe him, as our Graph of the Day shows.
According to a survey by Point Carbon/Thomson Reuters, reflected in this table below, around two-thirds of the respondents to a survey believed that the carbon price was a “fait accompli”, and few had changed their position in 2013, despite Labor continuing to fall in the polls.
The major caveat, of course,is control of the Senate. If the Coalition wins that, then all bets are off, but most companies simply don’t believe Abbott will follow through with a double dissolution on a carbon price and clean energy.
The survey of 2,041 respondents found that more than two-thirds of companies had set up trading operations for allowances and offsets, and 80 per cent had not even considered moving any production offshore as a result of the carbon price. More than three-quarters of respondents expected China to have a national emissions trading scheme.