Key Points:
The property sector will be particularly affected by the
flow-on effects of the carbon price.
From 1 July 2012, around 500 of Australia's largest emitters
will need to pay for their greenhouse gas emissions under the Clean
Energy Act 2011. The property sector is unlikely to see any
significant direct liability under the Clean Energy Act 2011
because very few, if any, businesses in the property sector are
likely to be classified as large emitters. However, the property
sector will be particularly affected by the flow-on effects of the
carbon price, largely because the property sector accounts for a
large amount of the final energy use in Australia.
The property sector will be impacted in two key ways –
increased construction costs and a potential impact on profit for
building owners.
