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Australia’s ETS scheme: Hunt’s denial of the obvious

* UPDATE: The draft “SafeGuard” legislation in early September, before Abbott was outed, shows that the scheme was due to start on July 1, 2016, as it is now. Was Abbott aware?     h/t MV

The SafeGuard legislation appears to be a shapeshiftin tool  — it can be a minor fine to hit a few companies ($1.8 million) that have increased their output, or it’s a trading scheme that covers half the Australian economy. It all depends on the “cap” that’s set.

Greg Hunt, in his own words, in 2014:

Mr Hunt declared …emissions trading “is never coming back in any form, potentially for the next two decades if the Coalition has its say.

No wonder Greg Hunt in 2016 denies that his ETS is an ETS:

Mr Hunt yesterday rejected claims a “secret” emissions trading scheme had been buried in the ­Coalition’s policies, which have been roundly criticised by environment groups as too little, too late. Mr Hunt said there were clear reasons why the Coalition “safeguards mechanisms” could not be considered a carbon trading scheme.

The clear reason it’s not an ETS?

“Our policy is not budgeted to raise a single dollar of revenu­e. By contrast, Labor’s carbon tax raised more than $15 billion in just two years. This was a major hit on the economy and increased electricity prices.” Mr Hunt said in a letter to The Australian.

Since when was a market defined by the tax revenue it pays? Hunt doesn’t know the difference between taxing and trading. Gillard also said she gave back the revenue when she implemented a carbon tax– it was “revenue neutral”, remember?

In a fake market, the government creates and controls the trading entirely: through arbitrary rules it decides who pays and who gets the revenue. An ETS is therefore a strange creature that is simultaneously both a tax and a trade — whether or not it raises “revenue” or is “revenue neutral”.

Hunt’s new creature is a payment forced by law, for no product or service other than not being stuck in jail — that makes it a tax. Some entities can pay their tax by trading fiat-credits with other entities — that makes it a trading scheme.

He [Hunt] said the Coalition’s safeguard mechanism provided for ­individual caps rather than an economy-wide cap as proposed by the ALP.

The Labor scheme applied to the whole economy, the Coalition scheme only applies to half of Australia’s emissions (half the economy). The difference is only in degree. Tricky Mr Hunt.

Mr Hunt said reports that emissions quotas for individual firms would decline from 2017 were incorrect, as were claims that firms would automatically be able to sell emissions permits they did not use.

If the  quotas won’t decline, why wasn’t that put that in the legislation? There’s a reason…

Hunt doesn’t seem to know what a market is:

“No credits will be generated outside the existing Emissions Reduction Fund crediting scheme.”

So it’s not a market if only 150 companies controlling half of our economy take part?

Here’s the Safeguard legislation in October 2015. The phrase Australian carbon credit unit appears only once in 71 (2).
No wonder so many people missed it. Tricky.

 

h/t MV, Malcolm R, Jim S.

 

 

 

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Australia's ETS scheme: Hunt's denial of the obvious, 9.0 out of 10 based on 44 ratings

Tiny Url for this post: http://tinyurl.com/z3colab

95 comments to Australia’s ETS scheme: Hunt’s denial of the obvious

  • #
    James Bradley

    If it walks like a duck and talks like a duck…

    150

    • #
      AndyG55

      could be my ex. !

      112

    • #
      James Murphy

      If it walks like a duck and talks like a duck…

      It’s not a duck until it has passed a peer review process and there is an established 97% consensus from other like-minded ducks that it is indeed a duck, despite vast amounts of evidence showing that it is a goose.

      some will say that there is a web of lies afoot, claiming that the 97% figure is the result of manipulation, which would make it a rubber duck.

      Then, of course legislation will be needed to tax the duck – the duck bill.

      China might do something about it in the 2030s – Peking duck…?

      Eventually those who profited from the duck bill, will find that their goose is cooked.

      261

      • #
        PeterPetrum

        Aww! Gawd! Yer haf ter laff!

        I choked on my lunchtime merlot (just felt like it today). Thanks team, glad we all still have a sense of humour!

        40

  • #
    James Bradley

    And as long as I got in first…

    ‘Bring Back the Griss!’

    50

    • #
      AndyG55

      Not to be rude, but I think the Griss stepped over the line of “reasonable” comment a bit too often.

      [Comments about Griss snipped. Save this for the unthreaded. -Jo]

      64

  • #
    Geophil

    Too right James, bring on the Griss!!
    I miss Griss with his insightful and in your face comments to knucklhead warmistas.

    70

    • #
      Gee Aye

      He left. No one of that description posts here so why return? Did he drive them off with his incredible wit I wonder or did they leave because they realised that they could never win an argument here? Same thing really.

      15

      • #
        Peter C

        Timboss
        Craig Thomas
        Tristan
        BilB
        Willard
        The Joker
        Niff
        Silly filly
        Steel pike
        Maxine
        Harry twin otter
        KR
        Frank

        50

        • #
          Andrew McRae

          Let’s not forget Michael The Realist. For a while I thought he could be turned and saved. Alas it was not to be.

          20

      • #
        sophocles

        The Griss. He still reads the blog.
        He last posted here sometime last year.


        He does still read the blog, but please, no more on commenters. This thread is about Australia’s ETS. – Jo

        20

  • #
    William

    Mussolini found his political career ended with him hanging by his feet from a lamp pole.
    I can see that the Italian alternative to elections has a lot of merit.

    110

    • #
      Another Ian

      Or as that Clancy Brothers song had it

      “Its up the long ladder and down the short rope”

      90

      • #
        Konrad

        “Dancing the hemp fandango”?

        Too easy an exit for warmistas like Hunt. Living to the end of his days burdened by the undying shame of supporting the greatest assault on science, reason, freedom and democracy in human history, is the fate I wish for Hunt.

        Just look at his weasel like foulness. Semanticly twisting and flexing, trying to writhe free of the truth. But it will do no good. The Internet remembers. Forever. He is forever branded as a man so stupid he believed adding radiative gases to our radiatively cooled atmosphere would reduce its radiative cooling ability, and its ability to cool the solar heated surface of our planet.

        Voter is Flinders need to vote Defcon[1] and rid us forever of this troublesome ponce.

        140

        • #
          OriginalSteve

          Politicians dont have to be smart – just the ability to do as they are told.

          Dont forget these guys are made of clay – being malliable is a key requirement to be most politicians.

          The key fact people forget is that they are *told* what to do – they have no free will as such. The illusion of Democracy is maintained by stage-managed “elections” – but the relaity is that someone gives you a “choice” of who to “vote” for – but who chooses the candidates?

          And funny how no matter who you vote for, you get the same outcome. Logically, what does that tell you?

          40

  • #
    Yonniestone

    From the link “This instrument commences on 1 July 2016.” Australian Federal Election 2 July 2016.

    The supreme arrogance of Turnbull is astounding, it’s like a game to see how much open national insult he can get away with.

    He’s in good company though considering Rudd and Gillard’s media sanctioned put downs, I now have a personal abhorrence to the term “moving forward”

    120

  • #
    George McFly......I'm your density

    Q. How do you know when a Politician is lying?

    A. their lips are moving

    70

  • #
    Ross

    Is the detail of the scheme and what happened at the end of last year(sneaking it through Parliament)out there in the public arena yet ? I mean, does the average voter know much about it or haven’t the MSM cottoned onto it yet or are they helping cover it up ?

    70

    • #
      el gordo

      The MSM is ignoring the story because its of no interest. Regardless of which Party rules Australia over the coming decade they can do adjustments depending on their inclination, its a win/win situation for the zealots.

      80

      • #
        ianl8888

        The MSM is ignoring the story because its of no interest

        No, they are ignoring it to minimise the vote against. The MSM believe, with some justification, that if something is not reported or broadcast, then quite a lot of people think it never happened.

        People deserve exactly the politicians they get. But Cassandra is sooo tired of that silly game. Nothing significant will change through this election … Lord Waffle is counting on it, as is Peanuthead; it matters little who wins.

        131

        • #
          el gordo

          ‘… quite a lot of people think it never happened.’

          Admittedly 80% of the Oz MSM is communist inspired and they inform the public on a need to know basis … ‘move along, there is nothing for you here.’

          ‘No, they are ignoring it to minimise the vote against.’

          Yeah ignorant Liberal voters are best kept in the dark, this suggests a conspiracy of the highest order.

          70

          • #
            ianl8888

            … a conspiracy of the highest order

            Again, not a “conspiracy”, although the number of journos “embedded” for a period in politicians’ staff and then returning to their previous MSM outlet is staggering.

            It’s actually noble cause corruption, which is a mindset born of impenetrable vanity, impervious to and contemptuous of reality.

            60

            • #
              el gordo

              Noble cause corruption is a disorganised conspiracy to save the planet and journalism schools have been instrumental in producing propagandists.

              30

              • #
                OriginalSteve

                Noble cause corruption is often defended by the Nuremberg Defence…

                10

              • #
                el gordo

                ‘…the Nuremberg Defence….’

                Yes, but for all those involved in this deception, the journalists, politicians and scientists will carry the odium for the rest of their lives.

                Depending on their culpability, mass humiliation and ruination is in store for a lot of high flyers.

                20

        • #
          el gordo

          Of course the Guardian is more communist than Fairfax, going out of their way to embarrass Lord Waffle and his pathetic ministers. Greg Hunt is the world’s best minister and would have intervened in this, as would Bishop.

          ‘Every reference to Australia was scrubbed from the final version of a major UN report on climate change after the Australian government intervened, objecting that the information could harm tourism.

          ‘Guardian Australia can reveal the report “World Heritage and Tourism in a Changing Climate”, which Unesco jointly published with UNEP and the Union of Concerned Scientists on Friday, initially had a key chapter on the Great Barrier Reef, as well as small sections on Kakadu and the Tasmanian forests.

          ‘But when the Australian Department of Environment saw a draft of the report, it objected, and every mention of Australia was removed by Unesco.

          ‘No sections about any other country were removed from the report. The removals left Australia as the only inhabited continent on the planet with no mentions.

          ‘Explaining the decision to object to the report, a spokesperson for the environment department told Guardian Australia: “Recent experience in Australia had shown that negative commentary about the status of world heritage properties impacted on tourism.”

          Guardian

          50

        • #
          Ross

          I think Jo should give the details or simply a copy of her thread about it, to Miranda Devine and or Andrew Bolt. ( If Jo wrote a column for a newspaper on the topic , I doubt it would be printed or put on their online site given the posts made in reply to my question)

          40

  • #
    Earl

    I never tire of having discussions with the warming fraternity. Generally they are so stupid, that they are not even embarrassed by their stupidity.
    A recent discusion went as follows,
    Warmist: There is new evidence that wet places will get wetter, dry places will get drier, warm places will get warmer, and cold places will get colder as a result of increased co2. The research comes from NASA.
    What do you have to say about that?
    Me: Does that mean, temperate places will get more temperate.
    This was followed by a look of complete and utter confusion, then the prerequisite abuse.
    Don’t ya just luv em?

    140

    • #
      el gordo

      ‘… cold places will get colder as a result of increased co2.’

      Antarctica is a good example of this phenomenon.

      70

      • #
        James Murphy

        I shall remember this next time I am handling dry ice.

        60

        • #
          sophocles

          Dry ice? That’s the white stuff on Mars when it’s having its winter.
          It’s really really warm there with an atmosphere of over 90% CO2.
          Would that qualify as a `run away greenhouse effect?’
          Or is it merely an `upside-down greenhouse effect?’

          50

    • #
      OriginalSteve

      Just ask them where the MWP is in the hockey stick graph…assumig they actually know what it is…..

      ouch…he he

      30

      • #
        OriginalSteve

        theconversation.com/six-ways-australias-education-system-is-failing-our-kids-32958

        “The Programme for International Student Assessment (PISA) survey tests the skills and knowledge of 15-year-old students in more than 70 economies worldwide. And it shows that Australian 15-year-olds’ scores on reading, maths and scientific literacy have recorded statistically significant declines since 2000, while other countries have shown improvement.

        Although there has been much media attention on falling international ranks, it is actually this decline in real scores that should hit the headlines. That’s because it means that students in 2000 answered substantially more questions correctly than students in 2012. The decline is equivalent to more than half a year of schooling.

        Our students are falling behind: three years behind students from Shanghai in maths and 1½ years behind in reading.

        In maths and science, an average Australian 15-year-old student has the problem-solving abilities equivalent to an average 12-year-old Korean pupil.”

        Mind you it shoudl be kept in mind that some asian countries do school 6 days a week…

        20

  • #
    john

    Here in the US they are trying to legislate climate from the bench (courts), which is constitutionally wrong and ignored. Last week we were blindsided by a State Supreme Court Case that was brought by rent seeking alarmists hiding behind children, (I call that abuse). There was no media coverage at all in that state but somehow was mentioned in Forbes and per chance I stumbled upon it. Thus was the impetus to write this story:

    http://dailybail.com/home/kids-climate-crusade-keeps-rolllin-through-the-courts.html

    We knew all the players (except for the ‘charity’) and saw how the renewables mandate was drafted in secret by those who stand to make billions on it. My good friend Barb (writer/researcher), added even more in the comments section of the article. I can see that you folks were blindsided as well and that’s why I asked Jo for copyright permission, (which she graciously granted), to use her last story in my latest piece. It’s time for transparency and real science. We are all getting really tired of crony rent seeking, secret meetings and redacted documents.

    61

    • #
      pattoh

      Yep, its kinda like telling a bunch of turkeys what a wonderful time they will have at Christmas & warning them those “Evil Grinches” are campaigning to have it cancelled – so they MUST ACT NOW!

      70

  • #
    ianl8888

    We are all getting really tired of crony rent seeking, secret meetings and redacted documents

    Well, yes … but short of mass civil disobedience there is no way of stopping these things. The actors may change but the script doesn’t.

    60

    • #
      delcon2

      We have the chance to rid ourselves of these”Do Nothing,Lying,Career Politicians”at the next election.It matters not who we vote for,as long as it’s not Lib,Labor,or the Greens.

      60

      • #
        OriginalSteve

        I think if a large chunk of people ( 70% ) voted informal, it would send shock waves through the LibLab party as it would directly undermine thier right to rule and serve notice the nonsense has to stop.

        Even if it means a ( very ) minority govt, it would serve notice that the LibLab one-party state has to change back to democracy.

        21

        • #
          Graeme No.3

          I’ve been thinking (always a mistake) and have come to the conclusion that this may be the Liberal’s last chance to form a government.

          Whoever wins will find a ready made carbon tax and about May 2017 will start squeezing the taxpayer until the pips fly.

          When the general public realises that the Liberals were responsible for this, then the Liberal vote will rival that of the DLP.

          00

  • #

    “Hunt doesn’t know the difference between taxing and trading….Hunt’s new creature is a payment forced by law, for no product or service other than not being stuck in jail — that makes it a tax….”

    Under Obamacare (the “Affordable Care Act” of 2010), everyone in the US, no matter how healthy or how leery of the actual value of the product, has to buy in or pay a “tax”, which is really a fine (even though our suborned Supreme Court (SC) glibly denied the fact, in order to fraudulently, irrationally rule the law valid–so, by the by, the whole system, including the SC, is corrupt and broken under Obama and the Insane Left).

    “Hunt’s new creature” is much the same. A punitive tax (like “taxation without representation”) is really a fine, and, when applied to everyone whether they want or need to “buy in” to the racket, it is of course a tyranny.

    So Hunt–like everyone in the Insane Left, including those suborned by it–doesn’t know the difference, not between a tax and a trading scheme, but between honest government and criminal corruption, between truth and tyranny.

    The reason for this is that our “leaders” are all scared to death, subconsciously, that they don’t have enough. Of anything (either power or wealth).

    90

    • #
      sophocles

      If it’s a `fine,’ then only a single payment is due. If more payments are required, then it’s not a fine, it’s a tax.

      Fine comes from latin’s `finis’ or end, meaning the `finish or end of it.’
      Just thinkin’ …

      60

  • #
    TdeF

    So minister Hunt has brought down a law which imposes penalties, onerous and complex CO2 reporting obligations, creates a regulatory body (the ‘regulator’) and a limit to 100,000 tons of CO2 or a 2009 baseline emission determination and substantial applications for baseline determinations determinations all with no intention at all of raising any taxes? Why then? The Precautionary Principle?

    Did Malcolm just have this lying around from his time as Environment Minister under John Howard when he lost the 2007 election? Was it written on the back of a beer mat like the NBN? Why put all this unnecessary regulation in place and in law for no reason at all? How hard is it then to change the baseline year or amount? Why setup a ‘regulator’ and reporting to oversee nothing at all? Is Hunt expecting to use the this elaborate taxation system and obligations at some time in the future? How many small amendments would be required to turn this into a tax on breathing?

    Do Hunt and Turnbull really think the public are so naive as to believe this is all to raise no money at all and to solve no problem? All they have to do is lower the bar and the money starts flowing, just for heating our homes or making steel or growing wheat. Malcolm’s original ETS is now in place and they only have to turn the tap. All because they are so concerned for the planet.

    Malcolm could not even wait for an election. As expected all the politicians thought it was a wonderful idea. Australia will save the planet by the miracle of taxing its own people on behalf of the UN and the EU, the billions handled by Malcolm’s old friends at Goldmann Sachs for a small fee. Next stop, well paid untaxed jobs at the UN, like Clarke or Rudd or even Gillard. The UN looks after anyone who hands over money and power. Poor fellow my country.

    230

  • #
    Faye

    We will have to send the Members and Senators our usual objection-to-an-Australian-ETS email. Remember 2009.
    Although the ETS has been legislated, we can certainly let them know that the “safeguards mechanisms” on their retaining their seats will not be working on July 2.

    80

    • #
      delcon2

      I have already tried to send Emails to several MP’s and they are either overloaded or have disabled them because they may be fearing a back-lash from”We the People”Doesn’t say much for”Our”Politicians,when they do things in “Secret”and then try to “Lie”their way out.

      80

  • #
    mobihci

    What would be interesting would be to contact Trumps team in the USA and see if he could do a mention of Hunt and Turncoats trickery to the Australian people. it is an example of why people are voting for him there, and it would put our MSM on the spot. would they report his speech?

    120

    • #
      Yonniestone

      A very good idea considering Donald Trump Has Exceeded 1,237 Delegates securing the Republican nomination for President.

      Donald Trump making Australia great again, I can hear watermelons popping already. :)

      130

  • #
    TdeF

    Turnbull has clearly been executing his well laid plans in concert with the Greens. Their ABC is reporting nothing. So much for the deer in the headlights theory. This is just the ground work for Malcolm’s Greens after the election, more advanced than anyone realised. Malcolm and Lucy have been very busy and Hunt is the brightest shade of Green.

    I know people have suggested my idea that Malcolm is obviously allied with the Greens is just an unfounded conspiracy theory but surely it is obvious now that everyone but the people of Australia know what is happening. The ETS is in place. Control of both houses, a few tweaks and the money will flow like a river out of Australia, never to return while we are borrowing $5Billion a month and paying $1.5Billion a month in interest only. There are only a few weeks to remove Turnbull. Where is the morality in our politicians, or is that a silly idea?

    160

    • #
      delcon2

      The appointment of Hatfield Dodds to the new Deputy Secretary of Social Policy within the Department of Prime Minister and Cabinet is a dead give away.The deal “Is Done”

      60

  • #
    Peter C

    Here’s the Safeguard legislation in October 2015

    Ok I get it now. The National Greenhouse and Energy Reporting (Safeguards Mechanism) Rule 2015 is not legislation. Hence it did not need to pass both houses and be proclaimed by the Governor General.

    It is an instrument, or regulation, made pursuant to subsection 22XS(1) of the National Energy and Greenhouse Reporting Act 2007.

    As such it does not need to be approved by Parliament. It is all Greg Hunt’s own work!

    His explanation leaves me speechless.

    130

    • #
      Peter C

      Are there any lawyers here?

      I had a brief look at the National Energy and Greenhouse Reporting Act 2007. Regulations and Rules are made pursuant to the Act. The rules are sometimes challenged and overturned because they go beyond what is authorised by the Act. Technicalities can be important.

      In this case I did not find section 22XS(1). I am not saying it is not there. However the companies affected may find it worthwhile to challenge Greg Hunts Rule. I hope that they do.

      The whole of the National Energy and Greenhouse Reporting Act 2007 is ghastly red tape, consuming costs and time and resources for no useful purpose. It should have been repealed. That should be a priority for our next government.

      Yours Bush Lawyer

      30

  • #
    pat

    a number of Bolt Blog readers have attempted to get him to report on this, even posting a link to jo’s “secret deal” thread, but he hasn’t obliged…as yet.

    meanwhile, a laugh for the day:

    26 May: ClimateChangeNews: Ed King: Climate Queen: Abba takes over UN talks in Figueres tribute
    Hundreds of delegates serenade outgoing climate chief with 1970s classic as first set of talks since Paris Agreement conclude
    Tears, applause and a 1970s Swedish pop group dominated UN climate talks on Thursday, as as envoys and civil society lined up to pay tribute to the departing Christiana Figueres…
    New Zealand diplomat Jo Tyndall described her as a “pocket rocket, a small car with a powerful motor… a pint-sized hot chick,” one of many warm speeches on a relaxed final day of two weeks of talks in Bonn…
    But last to address the packed room of negotiators came representatives from green groups, who stole the show with an unusual take on Abba classic ‘Dancing Queen’ – you can watch a clip and read the lyrics below…
    Lyrics by Alden Meyer (with apologies to ABBA)…
    (includes)
    Your spirit made us cheer.
    You are the Climate Queen, best there’s been, you reign supreme
    Climate Queen, moving us to a future clean.
    You can dance, you can jive, having the job of your life
    See that woman, watch her lead, diggin’ the Climate Queen…
    http://www.climatechangenews.com/2016/05/26/climate-queen-abba-takes-over-un-talks-in-figueres-tribute/

    20

    • #
      OriginalSteve

      Green groupies? Scary….

      In Mexico they have the death cult….. https://en.wikipedia.org/wiki/Santa_Muerte

      You can see how it could easily spear off into something deeper, once the Klimate Religion entrenches itself. The agressive defence of the green rleigion suggests its deeper in th ehuman psyche than just science.

      The extreme greens who inhabit the world Greem Politburo also have occult leanings so….

      10

    • #
      Annie

      Ye gods! Whatever next? That’s ruined that Abba song for me!

      10

    • #
      delcon2

      Pat,I find that very strange.I would have thought he would have been all over it,but this isn’t the case.

      10

  • #
    manalive

    Our policy is not budgeted to raise a single dollar of revenu­e …

    Even if it is revenue-neutral, it is still a additional layer of regulation for no purpose.
    The big end of town don’t mind, even welcome, government regulation because they can afford the resulting army of lawyers, accountants and lobbyists — costs which are merely passed on to consumers.
    Shorten is an old-fashioned socialist and Turnbull is an old-fashioned corporatist.

    60

    • #
      Dennis

      Cost passed onto consumers … plus profit margin on the costing that includes all costs and then GST added to the selling price and all together adding to the cost of living.

      40

    • #
      manalive

      The Liberal Party are fond of romanticising the Menzies era but anyone who was alive and kicking at the time remembers it as the most regulated, restricted, cosseted economy pandering to interest groups like the then Country Party, protected manufacturers and retail business groups. If you think that the WA potato regulations were ridiculous, they were merely a remnant or trace of the regulations of the ‘50s.
      Turnbull’s proposed anticompetitive interference in the price of supermarket milk could be, I’m afraid, a sign of things to come.

      14

      • #
        delcon2

        Hate to tell you this,Manalive,but the Government are the ones that caused this with their”De-regulation”legislation.It is the same when they “De-regulated”the banks.It was always going to favor the big players and to “Hell”with the “Little”people.

        00

    • #
      OriginalSteve

      IT may be revenue neutral *now* , but I suspect its a “stub” to grow thinsg from…kind of like the first spots you find in a tub of yoghurt as mould takes hold…

      The green religion is funded by green taxes, ultimately pumped off to the exqually useless occult UN, so it can become a global govt.

      30

  • #
    FIN

    Wow, again we agree on something, that Hunt, known by most people I know by his rhyming slang moniker, is the most miserable excuse for and Environment Minister we’ve ever had. He’s a disgrace.

    62

    • #
      AndyG55

      Yep, I agree with you , Fin,

      His support for the Green agenda is totally disgusting.

      He should have concentrated on REAL environmental problems and ignore the fake and farcical anti-CO2 propaganda.

      61

    • #
      delcon2

      For once,I agree with you FIN.

      00

    • #
      FIN

      If you want a more thorough breakdown of Hunt’s dishonesty then you might like to read Lenore Taylor’s article in The Guardian about this issue. Now know I people here will have to hold their noses while reading that lefty rag but I think you might be interested nevertheless.

      00

  • #
    pat

    English-language MSM still not reporting on this:

    6 May: EurActiv: Aline Robert: EU carbon market fraudsters face heavy jail sentences
    Carbon market fraud reveals the vulnerability of the EU’s banking system. The speed of trading on the carbon market, coupled with lax enforcement in Cyprus and Lithuania, allowed French criminals to steal €283 million. EurActiv France reports.
    Two French prosecutors on Wednesday (25 May) called for severe punishments for a group of individuals suspected of having used the European carbon market to fraudulently withhold €283 million of VAT for the French state.
    Jaroslaw Klapucki, the director of the Polish emissions broker Consus, Arnaud Mimran, a French trader, and their partner Marco Mouly, could each face up to ten years in prison. The prosecutor has also threatened to hand them a bill for the reimbursement of €263 million, as well as a €1 million fine…
    Tens of millions of euros have been confiscated in Italy, Denmark, Germany and the United Kingdom and legal proceedings are taking place all over Europe, but the final sum has not changed.
    “They say €1.6 billion, but it is at least €7 billion,” Mouly, one of the accused fraudsters, jokingly told the court…
    In Germany, Deutsche Bank has begun examining another case which will go to trial in 2017…PLUS MUCH MORE
    https://www.euractiv.com/section/euro-finance/news/eu-carbon-market-fraudsters-face-heavy-jail-sentences/

    26 May: Times of Israel: Simona Weinglass: MK seeks probe on whether Netanyahu took ‎€1m. from alleged French fraudster
    Protesting ‘scent of corruption,’ Zionist Union’s Ksenia Svetlova asks comptroller and A-G to investigate; PM has denied the claim
    “We received a request from a Knesset member and it will be addressed and treated in the customary manner. We do not see fit to say any more on the subject at this time,” a spokeswoman for Attorney General Avichai Mandelblit told The Times of Israel on Wednesday.
    In an interview earlier this month, investigators at France’s Autorite des marches financiers (AMF) told the Times of Israel that several fugitive suspects in the Carbon VAT scam now run fraudulent forex and binary options companies that target French citizens from Israel…ETC
    http://www.timesofisrael.com/mk-seeks-probe-on-whether-netanyahu-took-%E2%80%8Ee1m-from-alleged-french-fraudster/

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      OriginalSteve

      No, but I’m telling everyone I can that Australia has been sold out by Gillard Mk II

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    el gordo

    ‘The lead author of a consultants’ report hailed by Environment Minister Greg Hunt as supporting the government’s climate policies is a current member of the Liberal Party and former candidate for the federal seat of Sydney, prompting questions about its independence.

    ‘Gordon Weiss is an associate of energy consultancy Energetics and was one of three authors of a report commissioned by the Environment Department exploring how Australia could meet its 2030 carbon emissions targets. The report did not disclose his affiliation.’

    SMH

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    Egor TheOne

    All True B’lvers such as Hunt , Turnbull , Bishop , most of the Alp , and especially the climate psychotics (the greens), are not to be trusted .

    All are either incompetent to believe such propaganda and /or corrupt to flog such unfounded and nonsensical garbage , and are therefore not fit to hold public office , and should be treated as such .

    These clowns need to be taught that they work for us .

    Or better still , Sacked.

    Alert: “It’s the most exciting time to be an agile thief” ….an appropriate slogan for Climatism , Bankism , and most of our so called politicians !

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    gbees

    Budget paper 4, page 165 ‘Agency Outcome Statements’ – Agency = Clean Energy Regulator

    “Contribute to a reduction in Australia’s net greenhouse gas emissions, including through the administration of market based mechanisms that incentivise reduction in emissions and the promotion of additional renewable electricity generation.”

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      manalive

      … through the administration of market based mechanisms …

      There is an important word missing between “of” and “market” namely ‘free’.

      … that incentivise reduction in emissions penalises the most affordable and reliable energy sources and the promotion of [expensive and unreliable] additional renewable electricity generation.”

      Fixed.

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    pat

    el gordo -

    the Peter Hannam/SMH story u excerpted also states:

    Emma Fagan, the other author, “who has dedicated more than several hundred hours to this report, does voluntary work for the ALP”, he (Peter Holt, another of the Energetics report authors) said…
    Fairfax Media understands that Dr Weiss is a leading “blue-green” figure within NSW Liberal circles, working for years to bolster support for tougher climate action within the party including running a “Climate Change and Environment Professionals Branch”…
    His (Weiss) campaign (in 2010) was launched by now Prime Minister Malcolm Turnbull, about eight months after Mr Turnbull had been rolled by Tony Abbott with climate policies a key issue in the leadership spill…
    http://www.smh.com.au/environment/climate-change/climate-policy-report-hailed-by-greg-hunt-written-by-former-liberal-candidate-20160524-gp2fvt.html

    Hannam is obviously trying to “taint” Weiss for being a Liberal, but he sounds pretty CAGW orthodox here:

    PDF: 10 pages: 2009: EngineeringAustralia: (page 11) Green Papers launched on energy and water
    by Gordon Weiss
    Professor Brian Haynes from the University of Sydney provided an overview of the energy problem, how the industrialised world has reaped the benefit of extensive energy use and how, by all measures of equity, it is the industrialised world which must take the lead in the evolution to a low-carbon economy…
    Options for future low carbon energy supply were discussed by Dr Tony Vassallo, director of Invenergy. They include
    centralised options such as nuclear, coal with carbon capture and storage (CCS) and solar thermal, and decentralised options such as wind, photovoltaics and cogeneration…
    Wind power is seen as a major contributor to future energy mixes, with the US DOE suggesting that wind could supply 20% of US electricity needs in 2030…
    https://www.engineersaustralia.org.au/sites/default/files/shado/Learned%20Groups/Colleges/Chemical%20College/CEA%20June_indd.pdf

    2008: Energetics: Australia’s Emissions Trading Scheme
    Energetics/Climate Briefing
    THE GARNAUT CLIMATE CHANGE REVIEW
    The Garnaut Climate Change Review (the Garnaut Review) has been commissioned by Australia’s Commonwealth, state and territory governments to examine the impacts, challenges and opportunities of climate change for Australia. On 4 July 2008, the Garnaut Review released its Draft Report…
    THE CARBON POLLUTION REDUCTION SCHEME
    The publication of the Garnaut Review’s Draft Report was followed on 16 July 2008, by the Australian Government’s Green Paper on emissions trading entitled, Carbon Pollution Reduction Scheme (CPRS) Green Paper…
    TABLES BELOW HAVE ENERGETICS’ COMMENTS ON BOTH PAPERS IN THE RIGHT COLUMN
    http://www.energetics.com.au/getmedia/d0071291-fd56-4719-b5ea-c20cc5040c49/Garnaut-Green-Paper-doc-4.pdf.aspx

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    pat

    a little more on Energetics. the Board all seem to come from Finance/Banking sector:

    Energetics Board: Peter Chapman is the CEO and major shareholder of Accretion. Peter has 21 years experience in private equity incorporating investment management roles with Citicorp Capital Investors, N M Rothschild and Accretion.

    2006: Energetics: Energetics Announces $10 Million Management Buy-out
    The buy-out team comprises a consortium of senior managers from Energetics, including the company’s Managing Director, Tony Cooper, and founder, Jonathan Jutsen, together with Accretion IV Fund, a private equity fund managed by Accretion Investment Management Pty Ltd…
    Peter Chapman, Chief Executive of Accretion, said: “We were initially attracted to Energetics because of the high growth prospects of the energy, greenhouse and sustainability services sector…
    Accretion Investment Management is a manager of private equity portfolios for institutional investors…
    Accretion was established in March 2002 to manage the $45 million investment portfolio of the Arrow Development Fund on behalf of NM Rothschild & Sons. In 2003, Accretion was appointed to manage a portfolio of five early stage investments by AMP Capital Investors…etc
    http://www.energetics.com.au/insights/latest-news/energetics-in-the-news/energetics-announces-$10-million-management-buy-ou?feed=news

    2008: Energetics: Energetics congratulates Sustainability Award Winners
    As sponsors of the 2008 Sustainability Award’s “Special Award for Environment” for the 4th year in a row, Energetics would like to congratulate all award winners
    Financial Services Industry Awards
    A very close contest sees three finalists, Christian Super, VicSuper and Hesta, receive above average scores from the judges across five assessment criteria…Having received an honorable mention in last year’s awards, Christian Super became this year’s Sustainable Super Fund of the Year…
    The Special Award for Sustainability Research went to Andrew Gray, head of ESG Research at Goldman Sachs JB Were for Good Governance = Good Returns…
    The Ethical Investor Fund of the Year, as judged by Lonsec, is Australian Ethical Equities Trust…
    http://www.energetics.com.au/insights/latest-news/energetics-in-the-news/energetics-congratulates-sustainability-award-winn?feed=news

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    pat

    26 May: BismarckTribune: Nick Smith: More than 7,000 attend Trump speech
    Republican Party presumptive presidential nominee Donald Trump electrified a crowd of more than 7,000 Thursday afternoon in the Bismarck Event Center, delivering his first major address on energy policy at the conclusion of this year’s Williston Basin Petroleum Conference.
    Trump, whose support from North Dakota national convention delegates put him over the top for securing the party’s nomination earlier in the day, told the crowd he’d eliminate regulation he says is killing the fossil fuel industry as well as be favorable to additional pipeline projects and exports of American oil.
    Thunderous applause greeted Trump’s declaration that in his administration there’d be an “America-first energy plan.”…
    Among the policies he’d push to undo is the Environmental Protection Agency’s emissions rules targeting coal-fired power plants. The U.S. Supreme Court earlier this year voted 5-4 to halt implementation of the rules governing new and existing power plants for now.
    “How stupid is that?” Trump said of the emissions rules…
    Trump had the crowd in the palm of his hand, a sea of people dotted with Trump hats and shirts with his campaign slogan, “Make America Great Again.”…
    “You’re at the forefront of a new energy revolution,” said Trump, adding that the country has unlocked energy reserves previously unimaginable with new technologies, such as hydraulic fracturing. “We’re loaded. We had no idea how rich we are.”…
    He said he’d rescind executive orders by Obama that he believes are job killers as well as work to eliminate the emissions and water rules…
    Jason Bohrer, president of the Lignite Energy Council, said he was impressed with Trump’s focus on deregulation.
    “I heard what I wanted to hear and more. Trump is a different kind of politician; he communicates in a way that a lot of other people don’t,” Bohrer said.
    North Dakota Petroleum Council President Ron Ness said he was thrilled by how the speech went as well as the overwhelming reaction from the crowd…
    http://bismarcktribune.com/news/local/bismarck/more-than-attend-trump-speech/article_283fc9ad-d698-571a-83ac-d9f51e4d2a8f.html

    26 May: USA Today: Oren Dorell: ‘Trump Emergency’: World leaders wary of dumping on the Donald
    Foreign leaders who harshly criticized Donald Trump’s world views earlier this year have clammed up now that he is the presumptive Republican presidential nominee — and someone they may have to deal with if he winds up in the White House…
    They realize they need to protect their relationship with the world’s most powerful nation by no longer airing their grievances as publicly as before…
    Many of those critics, however, have hushed or shifted to a more conciliatory tune. All embassies contacted for this story by USA TODAY declined to comment on the record.
    Trump responded to Obama’s remarks Thursday, telling reporters in Bismarck, North Dakota, that “when you rattle someone, that’s good.”
    “If they’re rattled in a friendly way that’s a good thing…not a bad thing,” Trump said…
    http://www.usatoday.com/story/news/world/2016/05/26/obama-world-leaders-donald-trump/84969622/

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    pat

    27 May: DailyTelegraph: AAP: Trump to undo climate agenda, push coal
    Among the proposals, Trump said he would pull the US out of the UN global climate accord, approve the Keystone XL oil pipeline from Canada, and rescind measures by President Barack Obama to cut US emissions and protect waterways from industrial pollution.
    “Any regulation that’s outdated, unnecessary, bad for workers or contrary to the national interest will be scrapped and scrapped completely,” Trump told about 7700 people at the Williston Basin Petroleum Conference in Bismarck, the capital of oil-rich North Dakota.
    “We’re going to do all this while taking proper regard for rational environmental concerns.”…
    Earlier this month, he told Reuters in an interview that he would renegotiate “at a minimum” the UN global climate accord agreed by 195 countries in Paris last December, saying he viewed the deal as bad for US business.
    He took that a step further in North Dakota. “We’re going to cancel the Paris climate agreement,” he said…
    http://www.dailytelegraph.com.au/news/breaking-news/trump-would-approve-keystone-pipeline/news-story/3ad66f7f374ab34cddf3d1a48fd14a56

    26 May: MSNBC: Benjy Sarlin: Donald Trump pledges to rip up Paris climate agreement in energy speech
    In a rare prepared speech, Donald Trump outlined his energy policy in Bismarck, North Dakota…
    He railed against “draconian climate rules” and said he would “cancel” the Paris climate agreement and withdraw any funding for United Nations programs related to global warming. Trump has repeatedly called climate change a “hoax” in the past, bucking the overwhelming international scientific consensus that man-made emissions are spurring a dangerous increase in global temperature…
    Asked before his speech whether he was over-promising based on these obstacles, Trump said “market forces are beautiful,” and he wouldn’t interfere with competition. But he predicted he would be able to restore coal jobs by removing environmental regulations.
    Trump’s contempt for regulations did not seem to extend to renewable energy, though, where he complained that wind turbines were “killing all of the eagles” and predicted the industry would fail without subsidies.
    Despite this, he said he was “into all kinds of energy” and added in his speech that nuclear, solar, and wind power would play a role in the future…
    http://www.msnbc.com/msnbc/donald-trump-pledges-rip-paris-climate-agreement-energy-speech

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    pat

    26 May: Climate Depot: Marc Morano: Former Obama Energy Chief slams EPA climate regs: ‘Falsely sold as impactful’ – ‘All U.S. annual emissions will be offset by 3 weeks of Chinese emissions’
    Washington DC — Former Obama Department of Energy Assistant Secretary Charles McConnell eviscerated the President’s proposed EPA Clean Power Plan regulation to fight global warming in testimony before Congress.
    McConnell’s full testimony (+video):
    http://www.climatedepot.com/2016/05/26/former-obama-energy-chief-slams-epa-climate-regs-falsely-sold-as-impactful-all-u-s-annual-emissions-will-be-offset-by-3-weeks-of-chinese-emissions/

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      OriginalSteve

      Any politician that furthers the Globalist green agenda needs to be removed from office by as big a swing as possible.

      The public need to know thta have been stitched up by both side of the one-party state run by the LibLab party.

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        Dennis

        Therefore as leaders Shorten and Turnbull need to be removed from office.

        And so do their colleagues, all of the MPs that support these two intent on removing our sovereignty as a nation and handing our country over to foreign control and management.

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    Iren

    Therefore as leaders Shorten and Turnbull need to be removed from office.

    Absolutely. And Greg Hunt should be tarred and feathered as well.

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    Andrew McRae

    More frustrated farmers are in our future as the LibLab Watermelons go to any lengths to cut CO2 emission:

    “This whole trial has turned into a platform for the Turnbull’s hatred of the native vegetation laws,” she said. …
    “The murderer was portrayed as the victim — a poor depressed respectable farmer, driven to despair by the Office of Environment and Heritage,” Fran Pearce said. “In reality, he is a wealthy property developer who simply refused to accept the law applied to him.”

    It’s not an excuse for murder, but I do wonder how that officer ever slept at night knowing he had to enforce a rule that is wrong.

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    Considerate Thinker

    Had been thinking about whether I should respond to the now everyday urgent calls from both the Victorian Liberal email data base where they address me by surname or respond to the Tony Nutt emails that address me by the more friendly first name. I have been holding off contributing more than they ask for, due to my initial concern at the Liberal Party insiders that voted Tony Abbott out and then worst of all elected as leader a person that I have absolutely no confidence in to serve the conservative side of the party.

    Turnbull could so easily revert to his former so called progressive green left (regressive) policies on climate and carbon.

    My thoughtful strategy was to propose withholding a donation to help prevent labor or the greens having any slim chance of election, select a particular date for all conservative voters that feel like I do, and on that announced date send a contribution to the federal party, while letting the party know why we conservative voters feel betrayed. I.e. a mass protest but prepared to help defeat the “forces of evil” that could well win over many voters.

    This plan was upset by the revelation of the ETS style tax “law” waiting in the wings already passed quietly in the Senate before it was dissolved. Something in the revelation resonated with me as I am still smarting from the last reply from Greg Hunt’s office that was curious at the time with the staff member coldly telling me that until the IPCC changed its report, the Australian Government was committed to the science that indicated warming in the future, completely ignoring my plea for them to set up a working group of both sceptical and warmist scientists to openly debate the issue. I was rather annoyed at the tone of the letter and the fact that Greg Hunt hadn’t taken to the time to do his own personal answer, though other Liberal sitting politicians had gone to that trouble to personally write back to me. So for me the penny for me is dropping into place.

    The restaurant meetings of Turnbull with Clive Palmer, the strange and uncomfortable appearance of Al Gore on a platform with Palmer and the deposing of the leader in an unseemly mess. Then resignations of most of the politicians that had the courtesy to reply to my personal email and the perceived direction of the party since and the installation of a muddling and struggling figurehead that I have grave reservations about his true agenda.

    I listened to John Stone a few nights back, who obviously feels the same way as I do, let down by this once great party, sadly my conclusion is the same. I will not be contributing until such time as the party publically demonstrates that it realises it has conservative long time voters and contributors that have been betrayed in this lurch to some greeny centre left, shadow of its former self. It is my conclusion that unless we make this stand and withhold funds, the party will never get rid of those leftist whiteants – it may need the formation of a new and true conservative party and the rise of a new strong leader to form a strong conservative coalition government. If we can achieve that goal it might be worthwhile inflicting the pain of loss for however long it takes.

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    John Michelmore

    More importantly Considerate Thinker might be whom you vote for or not as the case maybe!

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      Considerate Thinker

      Yes John

      Rest assured that I will apply my vote to get a best as can be expected result in the present circumstances, and one that in some small way will ensure a conservative brake is applied to any party that makes its way through after the election, So I will be noting all the various combinations as suggested by those far cleverer than I am at predicting possible outcomes. At the end of the day it is my vote and my choice, and I will do all that I can to influence others to pick the chosen solution in my small sphere of influence, perhaps 40 or so votes that might be critical in some polls where it only takes one vote to determine an overall result. So positive suggestions welcome. The outcome may well determine the need for a new conservative party or not!

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        John Michelmore

        Hopefully we all have the option of voting for a Conservative party. I know I’m fast running out of Conservative candidates, especially for the Lower House! All I see now are Socialist choice, I’m not sure what’s wrong with me!

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    David Maddison

    The only time politicians tell the truth is when they call other politicians liars.

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    john

    Thank you for this article. It has made up my mind. I will not be voting liberal in the HoR at this election. I live in Queensland so I won’t vote for Brandis in the senate since he voted against Abbott last year. Much appreciated.

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    David Maddison

    What happened to “weekend unthreaded”?

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    Robin

    Hi Jo, I commented back in this thread, though I can’t see it, that my local Fed Lib member denied that there was a carbon tax on July 1 as per Alan Kholar’s Australian article. Below is his response which I would say has been given him by the spin Drs. FYI .
    ———————————————————————–
    Thank you for raising the below issue directly and I do apologise for the delayed response, I have been travelling in the Cape and Island communities over the past couple of weeks.

    I would like to correct some inadvertent but important factual errors in “The Australian” article, that seems to have been the genesis of this issue. To be clear, the safeguard mechanism is not a carbon tax or an emissions trading scheme. Our policy position against this is crystal clear.

    We abolished the carbon tax. It won’t come back under us. It will come back under Labor.

    As proof of this, our policy is not budgeted to raise a single dollar of revenue. By contrast, Labor’s carbon tax raised more than $15 billion in just two years. This was a major hit on the economy and increased electricity prices.

    Now, Labor is proposing to do it again. Labor’s own modelling shows that to achieve a target very similar to the one they have adopted would require a 78 per cent increase in wholesale electricity prices and a $209 carbon price by 2030.

    The Coalition’s safeguard mechanism provides for individual firm caps, which allows for businesses to improve their efficiency and reduce emissions. It’s not an economy wide cap which is Labor’s plan – hitting economic growth.

    The statement that allocations to individual firms would decline from 2017 is incorrect. It was also incorrect to claim that firms would automatically trade what they under-achieve. No credits will be generated outside the existing Emissions Reduction Fund crediting scheme.

    The safeguard mechanism is categorically not an emissions trading scheme. It was legislated over 18 months ago and has not changed in any way, shape or form.

    We’re achieving our targets without an electricity tax. Labor is about to deliberately impose an electricity tax on Australians.

    This is not a Carbon Tax Robin and Amanda and I trust that the above clarifies some points on the policy for you.

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    [...] This seat is an exception to our standard strategy. Although Greg Hunt voted for Tony Abbott in the leadership spill, he is a fanatical global warming crusader who uses underhanded tactics and deception. [...]

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