The Labor government recently promised to reduce the price of carbon from the world-record-high of $25 a ton to a probably-could-be might-look-like $6 a ton price, as it switches (possibly) from a Carbon Tax to an Emissions Trading Scheme.
The compensation that was promised to offset the Carbon Tax will still be paid to voters, even though the Carbon Tax might end. Thus bread and fishes will be supplied, but hardly anyone will have to bake or fish. The innovation comes thanks to the impending-electron-factor — a strange combination of the Fibbs-Boson*, and a Poll flavored Quark.
Bonus for families as price of carbon falls
by: ADAM CREIGHTON, From: The Australian
July 20, 2013 12:00AM
THE Rudd government has banked massive overcompensation into the federal budget for at least the next six years, if the carbon price fails to meet Treasury’s optimistic price projections.
More than 80 per cent of households will be overcompensated for the effect of the proposed emissions trading scheme by between $140 and $410 a year in 2019 if the price of carbon permits only rises to $10, new modelling shows. Even if the price of carbon reaches [...]
The EU is a basket-case, teetering, so when the European Parliament had the chance to “fix” the carbon market yesterday, they surprised everyone and chose not to. Being unfixed, it’s free to collapse, which it did and by 40%.
The Economist headline today is “Carbon Trading Below Junk Status”.
The EU carbon market once was around €22/tCO2 (that was 2008). Australia turned up five years late to the party, and is still trying to trade at similar rates.
Today Point Carbon is listing the carbon price as “€2.80“. Obviously, subject to change, and possibly trending-to-zero.
[BusinessTimes] “Campaigners and traders warn the carbon price could now fall below 2 euros or even to near zero in the coming weeks, and government sales could fail if they don’t meet minimum price requirements, as banks that act as liquidity providers pull out.”
The EU carbon market is not dead yet, but this could be a game changer
[The Economist] The rejection [of the bill to rescue the carbon market] was a surprise. The parliament’s environment committee had looked at the plan in February and approved it by a surprisingly wide margin of 38 votes to 25.
New Zealand signed up for an emissions trading scheme in November 2009, fully expecting Australia to sign in an ETS the next week. Thanks to one vote and an Abbot win, Australia didn’t sign up then, but will get one (unless things change) in 2015.
Kyoto 1 ends in December 31, 2012, and not a moment too soon. Last week Australia signed up for Kyoto 2, but this time New Zealand didn’t.
[Reuters] Neighbouring New Zealand said it would not sign up for the next phase and would instead join a separate convention, including large greenhouse gas emitters such as the United States and China.
Kyoto 2 will only include 15% of emissions. The New Zealanders didn’t want “in” with such a small ineffectual crowd, and will wait for the US and China.
[Reuters] Australia in July introduced a A$23 ($24) per tonne carbon tax on top polluters, which will move into an emissions trading scheme from mid 2015. Australia and the European Union have agreed to link their trading schemes by 2018.
New Zealand’s abandonment of Kyoto 2 followed changes to its emissions trading scheme (ETS), which allowed unlimited use of carbon credits to meet targets at near-record [...]
The Australian Government,via Greg Combet, announced this week that Labor’s version of certainty is the kind that is un-certain. For two years they’ve been emphatically declaring that “Australia needs certainty” or it’s variant, “Business needs certainty” . (Right before that, they were emphatically declaring that “There will be no carbon tax”, so later, when they did exactly what they said they wouldn’t do, we found out what certainty means to the Australian Labor Party. It isn’t the kind of certainty that helps business and voters “establish beyond doubt” what a vote for a Labor Government means.)
While people are saying we have now linked Australia’s carbon “price” (from 2015 onwards) to the EU market. In effect it was linked before, as I mentioned here. Now that link is rearranged. Previously Australian companies could buy ultra cheap EU options but had to top them up to the floor price, but now they won’t have to pay extra to lift it to $15/ton.
Mr Combet said the government was not considering any other changes to the scheme. [Source: The Australian]
Yes, and we believe him don’t we?
Things are slightly more sane than they were last week, but the [...]
It was a dumb memo to write:
“Brumby’s recommended some “simple things for you all to do to find some extra sales”.
“We are doing an RRP (recommended retail price) review at present which is projected to be in line with CPI (consumer price index), but take an opportunity to make some moves in June and July, let the carbon tax take the blame, after all your costs will be going up due to it,” Mr Priest wrote.”
“It is understood the newsletter was sent to franchise owners last month.” [The West Australian]
But the outcry about it is over-the-top. It has drawn national interest, been published on the news around the country. The company has issued apologies. The outrage has been so overdone, that today managing director of Brumbies bakery’s (Deane Priest) resigned.
The memo was dumb because it wasn’t suggesting a totally honest approach, and because it projected the wrong attitude to staff of Brumby’s, and it was especially dumb, because there is a witchhunt on for any business which blames a fraction of a cent more than they should on the carbon tax. With 300 stores across the country there was a [...]
Australians will pay $77 million per week in carbon taxes, while Europe with the 30 most green countries pays just one third of that, according to the Mineral Council of Australia.
“Australia’s carbon tax starts generating $77.3 million per week from today. New figures from the Centre for International Economics show that Europe’s emissions trading scheme — which covers 30 nations — has generated $23m per week so far in 2012.”
Wholesale electricity prices have stepped up by $21-25MWh (roughly doubling) overnight across the three largest states – apparently $2 more than was expected.
The ACCI points out the contradiction in sending a price signal but intimidating anyone who dares to say how big that signal is.
THE Australian Chamber of Commerce and Industry has taken a swipe at the consumer watchdog, accusing it of intimidating commercial operations and trying to mask the cost impact of the carbon tax on business.
ACCI’s director of economics and industry policy, Greg Evans, said yesterday the purpose of the carbon tax was to introduce a price signal into the market, but the Australian Competition & Consumer Commission was trying to prevent businesses from attributing increases to [...]
Posted in comments by “Carbon Free”
———————————————- I sit here in my living room with just a few minutes left before midnight & ‘Carbon Sunday’, now in my dark cold residence, using only a battery powered smart phone to blog, as I start my new low greenhouse gas existence. Already the new evening meal of beans and vegetables is starting to become uncomfortable. I dare not pass wind for fear of adding to the earth’s methane levels, and I have tried not to exhale my CO2 directly into the atmosphere, but rather store it in environmentally friendly plastic bags where it will be released into my new hermetically sealed backyard greenhouse, where plants will convert my CO2 back to pure O2 and stored carbon.
My only sadness today was having all my pets put down. My dogs caused far too much emissions for the planet. Perhaps the vegan diet proved too much for their digestion systems but the thought of any living creature eating meat is far worse. Anyway, they will make good fertiliser food for the greenhouse.
From the Liberal Party site June 29th 2012 the details we hope to see unfold. The thought makes the arrival of The-Tax-On-Everything this Sunday easier to bear… savour the anticipation, and hope we don’t have to wait too long.
Abbott vows he will dissolve the Parliament if the voters choose “No Carbon Tax” (again) and the Labor party denies them their choice. Could they? Would they? Is it possible the Labor Party might knock back the legislation to remove That Tax?
The Coalitions Plan to Abolish the Carbon Tax
As soon as an election is called, the Coalition will take immediate and concrete steps to repeal the Carbon Tax.
Repealing the Carbon Tax will ease cost of living pressures on families, help small business and restore confidence to the economy.
On the day the election is called, I will write to the Secretary of the Department of Prime Minister and Cabinet to make it clear that, if elected, the first priority of a Coalition Government will be the repeal of the Carbon Tax.
Within the spirit of the Caretaker conventions, I will also formally request the Clean Energy Finance Corporation to desist [...]
The Galileo Movement are offering to send out 1 – 5 cartoon posters to you to coincide with that Tax-on-Everything that starts this Sunday. To order, email Galileomovement AT gmail.com. Let’s help the people of Australia understand just why we will be paying billions.
The Galileo Movement are looking for 100 people to donate $5 each to cover the costs of printing and posting. I like this idea. I’ve ordered and donated. Do join in.
The Galileo Movement suggest posting this on shops and business in their local area and displaying it on windows or notice boards — anywhere it will be seen.
I like it…
(Click on the image to enlarge it)
A special big thank you to artist Steve Hunter who has allowed The Galileo Movement to use his illustration. Click here to visit Steve’s website. (He’s good!) [Try here if that first link stops working, his site is moving.]
You can download copies and print them yourself:
More signs Australia is leaping onto a burning ship as it starts carbon taxing, just as the largest carbon markets are winding up:
(Reuters) – Bavaria’s stock exchange will abandon its carbon emissions certificate trading operations in the EU-traded CO2 market on June 30 after volumes in Europe “plunged to practically zero” in recent months, it said on Tuesday.
The EU’s emissions trading scheme (EU ETS) limits the carbon dioxide emissions of the 27-nation bloc’s factories and power plants and covers nearly half of EU emissions.
EU prices are down 60% over the last 12 months
“Emissions trading will never find its feet again without radical political action,” said Christine Bortenlaenger, the head of the exchange…
The Borse management claim they were closing because of the fraud and hacking as well as the market downturn:
For an example of modern government propaganda, wait til you see this: Your Carbon Price (No really, go spend 30 seconds there to try to guess what this production would have cost.)
I’ve never seen a website so slickly designed, so smooth to the point of oozing graphic designer dollars with every rollover. As I watched it, I was seeing our national productivity being buried under Gucci-layers-of-gloss-red-tape. It kept asking me private questions “your name” etc as if the spelling of “Jane”, “Joe” or “John” makes any difference to my carbon footprint (my name is Noneof Yourbusiness). Bring out the sick-bag as Dellers would say.
If regulators tie up the people in enough paper chains they eventually become as strong as steel bindings. “YourCarbonPrice” takes our money to tell us we might “earn” $2 – $5 dollars a week to help the country clean up polluters while we take cold showers, sell the second fridge, and smile with delight at being a “good citizen”. What more could we ask for? A George Orwell fridge magnet?
And watch the sycophantic supporters rush to slap their logo on the propaganda tool.
If I had a Choice mag subscription, I would write [...]
Gillard — the Australian Prime Minister — got the timing perfectly wrong.
Within two weeks of the Carbon Tax finally becoming Law, it’s becoming hard not to notice that the whole Global Scam is fragmenting. This Carbon ship is on fire, the lifeboats are leaving, the rats are jumping, and the Australian team just turned up with the family jewels. Their policies are “take no prisoners” and “bring no life jackets”. Their exit plan is to have No Exit.
Sergey Abramov (ship, 1960) …By Leksey
It’s hard to imagine how the timing could have been more quintessentially insane, or their “Leadership of Clean Energy” more poignantly inane.
After subterranean lakes of Shale Gas were discovered two months ago under Lancashire in the UK , even half-tinted-Green governments started stepping backwards from diabolical renewables deals. Nearly everyone popped up and said No No No to Kyoto. “Let’s be frank” said EU Climate Commissioner Connie Hedegaard, “At best we could only get the EU, Norway and maybe two or three more countries to sign up for a second Kyoto period.” The Bloomberg article about the collapse of the Kyoto agreement discusses 14 nations and two continents, but Australia wasn’t [...]
Blitzed in the polls, the Australian Labor Party have picked the communist solution — straight from the Soviet rule book of Free Speech. Goskomizdat revived as a kind of Goskoshopfront. It’s more desperate and simplistic band-aid legislation to benefit the ruling class and not the people. Surprisingly, the media seems to be silent on this scandalous attack on free-speech.
The Gillard Government tells us the tax’s effect will be minimal, but they are clearly terrified of the blowback.
The Australian Competition and Consumer Commission (ACCC) has been directed to enforce accurate business promotions with a $1.1m dollar fine, and team of 23 “carbon cops”, to stop Australian businesses from posting any signs telling the public how much extra they are paying due to the Carbon Tax, or having a “Pretax sale”. Imagine the travesty of transparently letting customers see a breakdown of their invoice, or of warning customers of price rises to come?
A simple repeated message like the one below can take on a life of its own. (And we all know what animal the crowd will think of if we say: “Don’t think of an elephant”):
Of course, some will wave this away by explaining [...]
And so it came to pass that a small band of the selfish or deluded came to steal the blood, sweat and toil of the many.
They lied, broke solemn promises, failed to provide evidence, and displayed a singular lack of good-manners. They viciously insulted anyone who disagreed, they hid the models the public were forced to pay for, they gave patrons highly paid jobs to advertize their scheme.
They speak arrant nonsense as if it is the bleeding obvious: telling us that we will grow rich if we use energy that costs more; that coal miners are to blame for heavy rain; that more taxes will bring investors; that we’ll lose jobs if we don’t pay more than we need to for energy; or that 6.98 billion people will follow the 0.02 billion who lead us on the path to the Land of Stupid. They made prophesies that failed time after time, yet speak on, as if only they have the vision to guide us.
The polls show the public would not have elected people who wanted to bring in a Carbon Tax. Yet it is law.
The narcissistic self-anointed activists have overreached, and it will be their undoing.
This is about what it adds up too: If the carbon tax costs us, say, $10 billion a year (anyone have a better number?) we not only have to pay that, but we might lose another $20 billion a year as well.
As I’ve said before, you can’t compensate the nation. There is no productivity gain, no win, no efficiency improvement. There is no bigger pie if you have to cook with leather.
Treasury likes to pretend that the rest of the world is “joining” in the carbon schemes, and that by 2016, the US, Canada, Japan, Russia, China and India will have changed their minds and legislated a carbon price.
The Minerals Council of Australia wasn’t convinced that was a good plan, and asked the Centre of International Economics to analyze the Treasury modelling on the carbon price. The Treasury wouldn’t let them. (Who do they think owns the models?) Instead the CEI had to do their own modelling.
They are apparently the first to try to figure out what might happen in Australia if the rest of the world doesn’t leap head-first and suicidally into carbon pricing schemes.
The CIE finds losses that are 6 times greater:
Australia will — bar asteroid impact — get its Carbon Tax on Tuesday.
Otherwise, it’s business as usual in skeptic-world: Wild unheard-of snow started falling early in the US; there’s another story about masses of fossil fuel energy somewhere under Australia, another western nation makes it stark raving clear that it won’t be getting an ETS (Yay for Canada eh), while a different one pulls the pin on solar panel subsidies (Go Britain). The G20 leaders give Julia Gillard the deadly “you are so incredibly brave” speech, and said they aren’t going to follow.
“PM Julia Gillard told by G20: you’re on your own on carbon”
Bountiful Joy! The Australian Labor Party have discovered the endless free lunch, and they’re going to feed the Nation!
All this time we’ve been wondering how to make the pie bigger, save the world, and live to be 105, and the answer was staring us in the face!
The Diabolical Choice
Box One: Cheap Electricity
Box Two: Same electricity — Costs a lot more!
Labor chooses Box 2!
Why? Look at the benefits:
1) For $11 billion dollars a year you get almost as much electricity (except at night time, early morning, late afternoon, and on cloudy, windless or extra windy days.)
2) You are providing a guaranteed market for a product no one in their right mind would buy! (This is the Labor “free market solution”.)
3) You give people “Hope”! Hope that someday, the people profiting from selling you a product that isn’t very good, will pay for the research to figure out how to make it worth buying!
4) Then whoever that smarty pants country is, will sell this back to us, making even more profit because they own the patents. Good [...]
For those commenters who are following the news and proceedings in detail as it travels through the cogs and gates of parliament, please share your thoughts on this thread as it unfolds. Thanks to those who have the time to follow the details.
I’ve moved relevant comments from other threads to here.
The Australian government asks for submissions, gets around 4500, mostly against the tax, then ignores almost all of them. It’s just another form of suppression and censorship, a sign that the elites don’t give a fig what we think.
Menzies House is calling it an utter disgrace.
“In a shocking and historically unprecedented suppression of political expression, a staggering four thousand five hundred Australians have had their voices silenced by Australia’s political elite in the Labor-dominated Joint Select Committee on Australia’s Clean Energy Future Legislation.”
It shows what we all knew all along: the submission process was a merely legal formality, a scent of democracy.
This is a new low, and based on current performance, is just what we’d expect. They can’t justify this tax, they can’t debate the science, but they can ram it through. The only way “forward” is with whitewash, erasers, and the all-purpose delete key.
So figure what was going on in the minds of the chief censors:
a/ Abject desperation: We’re doomed! (Never let the plebs know that we got thousands of well written, detailed submissions that were against the tax, so find any half-baked pathetic excuse to not publish or count most [...]
Submission on the clean energy bill [...]
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