There’s a notion going around that an Australian carbon tax will raise more tax in its first three months than the EU ETS has generated in six years. Mr Seamus French’s column in The Australian on Monday included this idea. No numbers have been put forward to justify this assertion, and it can’t go unchallenged.
For some time now, there has been bipartisan support for a 5% reduction in emissions from 2000 levels, and Australia has committed this abatement effort under the Cancun agreement. Although it may sound small, a 5% reduction actually represents a very substantial abatement effort. In absence of mitigation policy, emissions under a “business as usual”
Ross Garnaut yesterday released his last paper of the Review Update, focusing on the energy sector. I paraphrase his main points as follows: • Carbon pricing will result in switching away from high emission generation; • It is highly unlikely that the lights will go out when we price carbon; • Consumers can be compensated
In November 2010, over 250 investors representing US$15trillion funds under management globally called for “policies to unlock the vast potential of low-carbon markets and avoid economic devastation caused by climate change”. Prominent among these are targets for reducing greenhouse emissions and “strong and sustained price signals on carbon emissions”. This, and similar calls, have been
When Tony Windsor, MP, said that he would like to see the carbon debate in this country move beyond the words “tax” and the word “lie”, it really struck a chord with me. We seem to be stuck in this Groundhog Day style conversation where each issue is immediately translated into a one line pro