Since the Multi-Party Climate Change Committee made its announcement regarding a price on carbon late last month, Australians may well be feeling a slightly creepy sense of déjà vu.

An increasingly frenzied federal Coalition is foaming at the mouth and making ludicrous predictions about the future of the country. CEOs of multibillion-dollar companies are wailing about the certain demise of their industry. And a small group of right-wing cheerleaders is screaming from the sidelines, predicting nothing short of the complete collapse of the Australian economy.
Does this scenario feel familiar to anyone else? Of course it does, because we saw the exact same thing last year over the proposed mining tax.
This time of course, all the same old players are even more emboldened. If it only cost them a $22 million advertising blitz last time to deprive the Australian people of $60 billion in revenue, then why not give crying wolf another go now?
Yet just like the last time, if you give the average Australian a bit of time to get past the pantomime indignation of the Coalition and the squealing from certain sectors of industry, a little bit of sunlight will start to creep in.
Recent Essential Report polling shows 56 per cent of people now support higher taxes on the profits of large mining companies versus just 27 per cent who disagree with idea. Although people were initially convinced by the ‘Keep Mining Strong’ wall of noise, they have now had a bit of peace to reflect on the situation and they overwhelmingly feel like a tax is a good idea.
The tragedy here is that things got so messy in 2010, that the whole mining tax process is now mired in difficulty and confusion.
Yet when it comes to a price on carbon, we have a chance to avoid making the same mistakes.
Anyone with even half an eye on recent world history should be able to see that a low-carbon future is an inevitability. The nations that cope the best with this will be the ones who get in early and proactively start trying to reshape their economies in a deliberate and considered way.
Industry certainly understands it. They get that a price on carbon is coming, but until now they didn’t know when or what it would look like. And people don’t tend to stride out confidently when they’re in the dark.
What the MPCCC did on February 24 is turn up the lights a little. We now have a date when a price on carbon will be imposed – July 1, 2012. In the coming months we will get more detail on what the shape of the initial scheme will look like and where it’s headed.
As the path becomes illuminated, industry will be able to invest with confidence.
That’s why Tony Abbott’s promise to rescind the carbon price if elected is so dangerous. It’s one of the rare occasions when an Opposition Leader can really have a powerful negative effect on the national interest just by talking.
His compulsive bomb-throwing is taking out the lights and throwing uncertainty back into the mix.
Frightening a concept though it is for working people, there is a chance this bloke man could be Prime Minister one day and so long as he paints himself into a corner with his ridiculous and overblown rhetoric, industry leaders will be scratching their heads about what the future holds.
I would hazard a guess that Mr Abbott keeps the extreme language coming because it takes the focus off his alternate ‘solution’ – taking giant fistfuls of taxpayer dollars and throwing them at industry with some sort of blind faith that this will encourage them to change their polluting ways.
Mr Abbott’s solution is for ordinary families foot the bill – not the actual companies doing the polluting. It’s unlikely to sit well with most people in the long run.
So we currently have a situation where the Australian ‘Left’ is proposing an adaptable and nimble market-based solution to the problem, while the ‘Right’ is proposing a centralised, command-economy approach. Strange times.
Of course, implementing a price on carbon is not completely straightforward either.
As Prime Minister Julia Gillard has pointed out, putting a price on things will have an effect on costs. That’s the whole point.
But what a responsible Labor Government should do is move to ensure that the change doesn’t bite those who are most vulnerable – low-income households and working families. At this stage the government looks absolutely committed to doing just that.
As a representatives for working people, the ACTU will hold the government to that commitment.
We strongly believe that the money raised through this scheme must be reinvested back into the community to support low-income households, skills and training development to assists affected workers to transition into new jobs, as well as investment in clean technology initiatives. We will also work alongside industry to ensure that Australia’s manufacturing and exporting industries remain internationally competitive.
However that does not change the fact that a price on pollution is vital if we want to stimulate investment in the right areas of the economy.
Worldwide investment in clean energy totaled $US162 billion in 2009, but only $1 billion of this was in Australia. By 2020 it is projected that clean energy will be one of the world’s largest industries, totaling as much as $US2.3 trillion.
Green industries make up over 10 per cent of global venture capital, exceeding $US3 billion.
This debate is about whether Australia ends up on the right side of history or not. We know what happens to nations who miss the train as it leaves the station.
Facebook Recommendations
Read all about it
Punch live
Up to the minute Twitter chatter
I like how a tip erodes so only you can use it MT “@paulwiggins: BBC News - Why are fountain pen sales rising? http://t.co/0hk2MRtf”
Recent posts
The latest and greatest
Protecting the Barrier Reef is the Fin end of the wedge
When you take on a job like being Environment Minister there’s some hits you can see coming. …
ICB: Is white bread the worst thing since sliced bread?
Welcome to this week’s I Call Bullshit column. It’s a regular column that looks at skulduggery…
Sometimes, you’ve just got to stick it to the bloody ref
We are taught early in life that we should not question authority. We must listen to our parents, our…
Nosebleed Section
choice ringside rantings
From: They must pay for one’s bitter disappointments
Michael S says:
"A teacher at Geelong Grammar had criticised her for using words that were too long, which had left her confused and had made her doubt her ability to write essays. She became ''quite distressed'' when her English marks began to fall." I can sympathise. My scholastic mentors conveyed to me a causal relationship… [read more]From: Welfare for breeders is a bonus for everyone
Change Up! says:
I have no problem paying my taxes. As a single, childless person on a very decent income, I can afford it and not have my life severely altered. Plus I understand that my taxes paying for things like schools, childcare and infrastructure is ultimately a good thing. A better community is better for me… [read more]Gentle jabs to the ribs
They must pay for one’s bitter disappointments
A private school girl’s family is sueing her elite, extremely expensive private school for not… Read more

Most commented