Australia’s new Carbon Tax set to be introduced in July of next year should protect jobs and create new ones, according to specialist engineering executive search firm Allen & York Australia.

Christopher Ouizeman, head of Allen & York, says: “This initiative aims to help the movement towards a clean energy future; it will provide new employment opportunities for Australian workers – in clean industries such as renewable energy generation, carbon farming, and sustainable design.”

According to a statement from Allen & York, the tax will generate around AUS$1.6bn (£1bn) by 2015 to be passed directly into public finances.

A report from SFS Economics for the Australian Trade and Industry Alliances notes that the EU’s carbon pricing scheme protects 42% of manufacturing jobs within Europe across 151 industry sectors.