In a press release China’s pilot carbon trading market taps UNSW expertise (press release is by the UNSW, which is my employer)
Minister Combet highlighted the benefits to date of Australia’s carbon price, including an 8.6 per cent drop in demand for electricity in the first six months of operation and increased investment in renewable energy.
I'm slightly doubtful that a price on carbon is primarily responsible for reducing demand for electricity by that extent in just six months. I would have thought that electricity usage was something that most Australians would have thought about even before the introduction of a price on carbon.
Climate change has been a major point of discussion in the more "upmarket" media, and rising electricity prices has been a major topic in the more "tabloid" media.
Has electricity demand dropped by 8.6 percent in six months in Australia? And is that drop largely attributable to the introduction of a price of carbon?
(For the purposes of this question, "a price on carbon" should be treated as prices specifically designed to prevent the production of greenhouse gases, as opposed to the market price of fossil fuels)