In case you missed it, the carbon tax was introduced on July 1st, and clearly the green job market is already seeing the benefit. Green job ads have increased by 14% just since June, a significant jump considering the recent 3-month slump. After the record leap in February, growth slowed and then declined, but as the implementation of the carbon tax progresses, July’s sudden rise suggests a positive outlook for the coming months.
All job ads are also on the rise, but the carbon tax’s boost to the green market has brought the percentage of green job ads to an all-time high. Of all Australian job ads, 1.83% are green. With the exception of Queensland’s solar tariff reduction, there has been no other policy shift or major events as significant as the carbon tax, therefore we base our assumptions of growth on this infamous policy mechanism.
QLD showed the most notable increase this month, gaining 20%. We believe this is partially due to QLD’s recent solar boom. Customers are rushing to sign up for the state’s feed-in tariff plan before Premier Campbell Newman’s severe tariff cut is implemented, taking the tariff down from 44 cents to 8 cents. Surprisingly, the negative news has created a “mini boom”!
Slight decreases in TAS and NT are negligible next to the growth in every other state.
With such hopeful numbers this month, the question now is whether the effects of the carbon tax on the green job market will last. Regardless, the industry has at least gotten enough of a push to break the previous downward trend.