The carbon price floor policy begins on
|Budget 2012forecast based on policy announced at Budget 2011 (table 2.2)||615||1,085||1,330||1,585|
|Additional measures announced at Budget 2012 (table 2.1)||-45||-90||-115||-145|
|Revised forecast of CPF revenues||570||995||1,215||1,440|
The additional measures announced at Budget 2012 included the introduction of an exemption from the carbon price floor for fossil fuels used in the production of heat in a good quality combined heat and power station.
Revenue forecasts are only available for the forecast horizon, up to 2016-17, and therefore only cover the first four years of the carbon price floor's operation.