Carbon pricing and Australia's property and construction industry

A carbon price of AUD$23 per tonne is due to be implemented from 1 July 2012.

A price on pollution has the potential to help reduce the nation's greenhouse gas emissions, provide market certainty, and help Australia capitalise on the financial, environmental and social opportunities of a green economy.

However, it must be supported by a range of complementary measures, be part of an integrated strategy for market transformation and involve close consultation with industry.

Download the Green Building Council of Australia's paper, Putting a price on pollution: what it means for Australia's property and construction industry.

A number of key stakeholders have also released information and analysis about what a carbon price will mean for the property and construction sector industry:

Australian Government

Around 500 of Australia's biggest polluters will be required to pay for their pollution under the carbon pricing mechanism. The money raised will go towards assisting households, supporting jobs in the most affected industries and investing in clean energy options.
Clean Energy Future

ClimateWorks Australia

The Low Carbon Growth Plan for Australia (first released in 2010) examines the opportunities available to reduce Australia's carbon emissions using existing technologies. This report was updated in August 2011 to take into account the impact of the carbon price package on issues such as investor profitability and further emissions reduction potential.

Colonial First State

Initial analysis shows that the impact on property values from increased outgoings due solely to carbon price would be less than 1% and that a carbon price mechanism may be a positive development for the industry, helping to future proof commercial property against further increases in electricity costs.Australian commercial property sector well positioned for carbon regulation
Carbon regulation and infrastructure: risk or opportunity?

Consult Australia

Consult Australia supports a price on carbon, but also recommends that a range of opportunities must be explored in order for Australia to achieve a more sustainable future.
Seizing the Sustainability Advantage

Davis Langdon

Davis Langdon analysis reveals that the total cost impact on construction costs is likely to be approximately 0.5%.
Carbon Price on Construction Costs

Hawker Britton

Hawker Britton released a Carbon Price Update which outlines the carbon pricing mechanism and the Australian Government adjustment packages for industry and assistance for households, as well as the complementary measures that aim to encourage low carbon growth and reduce carbon emissions.

Maddocks

Maddocks identifies the Clean Energy Future Plan's key features and examines issues arising from the scheme likely to be of particular significance for local government, for example, landfill facilities that produce over 25,000 tonnes of CO2-e.
'Clean Energy Future Plan' - Briefing for Local Government

Property Council of Australia

The Property Council has called for a joint government-business working group to undertake more detailed modelling of the price impacts of a carbon price scheme for the residential and commercial property industries.
Carbon tax: the impact on property

Stockland

Stockland has taken a proactive approach to climate change, developing policies and implementing action plans over a number of years which mean we are well prepared for the introduction of a carbon price and expect minimal initial impact.
Stockland Full Year Results 2011: Media release and results presentation