Letter to the editor Essay Example | Topics and Well Written Essays - 500 words - 3

Letter to the editor - Essay ExampleIn essence, the tax forced brawn raise in energy prices and also costs job. Many businesses eat up to strain their resources and change business operation techniques to compete well in the marketplace. In essence, exaggerated carbon taxes have been attributed the rapid lose of competitiveness of Australian products in the global market. This is especially due to an increase in the product prices to be able to cover the output costs emanating from the introduction of the utmost carbon tax.On commencement of the carbon tax, Australian carbon prices tripled those of the European countries. The European Emission Trading Schemes generates $23 one thousand thousand as compared to $77.3 million per week in Australia. As such, Australian exports are higher in prices. These high taxes increases the cost of production and the weight laid on consumers who in turn consume fewer products. The ACCC (Australian Competition and Consumer Commission) find it tri cky to monitor prices or take action against organizations that try to exploit consumers or new(prenominal) business by charging unjustly high prices.Notably, businesses and households use price signal as an explanation for lowered consumption of particular products. According to statistics, consumers are apparent to turn to using up cheaper imports. This has built uncertainty for investment hence, companies prone to emission of carbon will be afraid to invest further considering the high tax payment. This also renders high competition from other energy plants. As a result, some industries will end up withdrawing from business hence, an economic downturn.From supra perspective, the controversial carbon policy is both beneficial and detrimental. In line with the set standards on climate change in the Kyoto Protocol, Australia must be perpetrate to trimming down the emission of greenhouse gases. However,