Carbon Credits

Australians want to help improve the world in which they live. Most would therefore rightly assume that if they pay a Carbon Tax this will at least clean up emissions in Australia.

Would you buy a carbon credit from this man? Source: gawker.com

Certainly this is the impression given by the Government’s Carbon Tax ad campaign and from the debate as the Parliament this week votes on the legislation. But nothing could be further from the truth.

Australia’s emissions will go up, not down, under the Carbon Tax. And on top of the $105 billion the tax is to raise between now and 2020, Treasury’s own modelling shows that we will also have to spend an additional $3.5bn each year on foreign carbon credits.

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  • lp says:

    12:12pm | 11/10/11

    The argument about what policy measure is more efficient is straightforward. Basic economic theory explains that GHG emissions are a negative externality.  It’s a form of market failure.  Without a price on carbon, the full cost of GHG emissions in terms of climate change are not borne by the emitter,… Read more »

  • Peter says:

    11:25am | 11/10/11

    According to richard no trees will be planted with direct inaction. EPIC FAIL Read more »

 

The shock defeat of the Brumby state government last weekend has unleashed the usual muttering within the ALP about how to shore-up a crumbling base.

If only the voters were as enthusiastic and compliant as these kids. Photo: Lyndon Mechielsen

Already, some Labor MPs - let’s call them the GOM or “grumpy old men’’ - reckon they have it pegged. Too much focus on the inner-city elites at the expense of the majority, the ordinary folk in middle and outer-suburbs. That’s their message: Labor should concern itself exclusively with bread and butter issues such as relieving cost of living pressures for ``ordinary’’ families. Nothing else.

Analytically speaking, this ‘government-out-of-touch’ critique is a soft target. Self evidently, if you lose, you were not in tune with voters. But it is rarely that simple and ignores the fact that in this instance that Labor was asking for another four years to add to its existing eleven in office. History shows this is almost always a bridge too far.

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  • Northern Steve says:

    01:56am | 10/12/10

    Yes, Ryan, Dr Spencer says exactly what I’ve been saying - we don’t know exactly what the scale of consequnces for increasing CO2 will be yet, but there will be some.  He is stating a rise in 1oC before long.  This is a significant rise for many ecosystems. This graph… Read more »

  • Sven Gali says:

    12:51am | 10/12/10

    Funny ‘bout that isn’t it, KT ? Swing to the Coalition - 1.5%. That’s not a typo. Swing to the Greens - 4%. Read more »

 

I am fortunate to work in an industry whose whole raison d’être is saving the world.  Saving the world used to be the job of clusters of environmental NGOs. 

Stumped: business models, not platitudes, will save the planet.

But, and I’m going to be frank here, apart from some spectacular tactical victories and some incredible work by groups like Greenpeace and Sea Shepherd, at their very heart such organisations simply can’t direct the necessary levels of finance that saving the world needs. 

Charitable organisations simply don’t have the ability to restructure the world’s economy, affect the baseline drivers of deforestation, or roll out millions of wind-farms and solar panels in the short time needed.  Saving the world has become an industry.  And some people either can’t accept that, can’t understand it, or can’t find a way to adapt to fit into this new world order.

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  • Loz says:

    01:46pm | 28/09/09

    I have a keen interest in the CPRS, REDD, and carbon trading in general.  However I do not claim to understand the complexities of these issues… What is that saying - only fools are sure of themselves? One thing I do believe - reducing our emissions, helping the poor to… Read more »

  • James says:

    07:42pm | 22/09/09

    which, under the current model I can’t ever see happening.  Not adequately enough anyway. Read more »

 

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