64 per cent of private businesses in Australia believe the introduction of the carbon pricing mechanism will impact their business, according to PricewaterhouseCoopers’ Private Business Barometer, released today.
PwC’s Private Business Barometer, a national, independent survey of more than 1,000 private businesses with an annual turnover of $10 to $100 million, also found that the two areas of business that those surveyed believe will be primarily impacted by the forthcoming carbon tax are cost of transport (42 per cent) and products and services (22 per cent).
Critically, the PwC survey also found that one third of businesses still don’t believe or understand how the carbon pricing mechanism will impact them when the carbon tax is introduced on July 1. PwC Private Clients partner Gregory Will says that these businesses are at risk of being hit by unexpected higher costs.
"It’s unlikely either to expect suppliers or vendors to be seen more favourably for taking action to reduce their carbon foot print," Will says. "But to plan any action you must first understand the impact."
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