All the usual suspects declared it could never work. Instead, “Direct Action” is likely to be wildly cheaper and more effective (at reducing CO2). The catch is, it won’t reward friends of big-government and it won’t punish miners, manufacturers and small businesses – which must be why climate activists don’t like it.
Results are just in from the first Abbott government Direct Action carbon auctions. The government offered to pay for carbon reduction, and held a reverse auction (where people who bid the lowest price would win). The average price came in at $14 a ton.
The Numbers: The Australian government will spend $660 million to reduce emissions by 47mT. These projects will run for about 7 years, and mean the government is on track to meet the target of 180mT reduction by 2020. — Details are at the Clean Energy Regulator.
It’s a lot less than the fantasy schemes that use wind and solar power, of which cost estimates vary partly because no one really knows what the lifespan and disposal costs are. One MIT study estimated the cost of abating carbon with wind was about $60 AUD per ton, and the cost of [...]
Peter Lang adds up the numbers from the Treasury and leading economic commentators, and finds that decisions the Australian Labor Government has made will cost the equivalent of about $17,000 for every man, woman and child if paid in a lump sum now, or $58,000 if paid bit by bit over the next 37 years to 2050. And that’s just for the ETS, not for the RET and other measures.
By 2019 Alan Moran estimates each year citizens would have to fork out billions for Green Schemes; Labor policies tally to $22b, Coalition policies to $7b, Greens policies to $27b.
If men-in-black-suits turned up at Australian houses forcing citizens to sign cheques for $17,000 per person in order to change the weather on Earth 100 years from now, there would be a revolt in the streets. That’s $68k per household of four. (Is this how you would spend $68 grand?) But if the government disguises those charges in electricity bills, and hidden increases in the cost of every item that has to be moved, heated or cooled, then some 30-40% of the nation sees no reason not to vote for this. [...]
Gillard condemns us to the carbon tax plan (commencing 1 July 2012), and the future emissions trading plans (2015), setting Australia up to be the last dumb-patsy-standing as the rest of the world heads the other way and bails out of the carbon facade.
Australia must immediately pour billions into government coffers, and the man who can justify it all is Ross Garnaut.
For all the expense, the effort, and the pain, what reason did Garnaut put forward?
a/ It will reduce world temperatures. (No.)
b/ 20th century temperatures were perfect. (Says who?)
c/ Australia won’t be so “popular”. Correct answer!
That’s right, the prof of economics has studied it all, crunched the numbers, been paid a stack, and it boils down to “tut-tut-tut, nobody will like you if you don’t do what I say”. (Well, actually it is just foreign “intellectuals”that won’t like you — shucks!)
Garnaut the schoolyard prefect is telling us off. From The Australian:
“ Australia risks a backlash from the international community if it fails to make “proportionate” efforts to cut its carbon emissions.”
But wait, it gets worse, we might confuse them [...]
Saving energy or stopping pollution is a good thing. What’s the danger in acting now?
We can save energy and stop real pollution without setting up a whole financial bureaucratic system based on “thin air”. The wholly unnecessary trading system feeds the sharks of finance with more money and power. We waste blood, sweat and tears and encourage cheats. We reward fraud and foster corruption.
When we trade real things, people who cheat get caught easily. They can’t get away with it for long. But in the quasi world of meaningless permits-for-air, the only limit to cheating is “what they can get away with”.
For example: Carbon credits paid to China to build hydro dams end up helping bankers buy yachts, and feed the mafiosi in China. They evict homeowners, don’t pay them enough compensation, flood their valleys and commit these people to homelessness or more slavery to bankers through mortgages.
Sure, some useful outcomes might occur. But hoping we get lucky is not “planning”. It’s policy-by-accident. If solar energy, say, is a good idea all on its own, we don’t need to invent fake reasons to force people to use more of it.
We could for example tax [...]
Here we go again. I like Alan Kohler, the economic reporter on the nightly ABC news. He likes numbers, graphs and hard data. Yet here he is, setting up a new project which looks like it ‘s another climate clone site analyzing everything carbon-related in the harsh light of day except the assumption about climate “feedbacks” that the whole error cascade is based on. (This is the same assumption that the empirical evidence has shown was too high by a factor of six.) [See here for my latest demolition and here where a Dr of Paleoclimate comes unstuck.]
The Business Spectator wrote so sagely and incisively about the Super Profits Tax, I’d love to think they would apply the same sharp brainpower to the issue of climate. But Kohler writes:
“We were initially despondent when the CPRS was kicked into the long grass by Kevin Rudd,…”
Despondent? Imagine them saying “Interest rates were raised and we were despondent?”
But Kohler and the other economic commentators have been caught watching the money instead of the reasoning (they’re watching the wrong money too, here’s the money that speaks volumes). If upper tropospheric water vapor doesn’t increase as the world warms, the reason [...]
Kevin Rudd, 7.30 report May 10, 2010
Kevin Rudd let slip yesterday that he has a vision for bigger-more-malignant ETS than the one he dropped.
“We need to make sure that the Senate becomes, shall I say, positioned in a manner which is able to deliver that change to Australia’s domestic laws,” Mr Rudd said at a news conference with the Maldives president.”
We missed the bullet in December. As a nation we came within a butterfly-wing-flap of sacrificing ourselves to the carbon-Goldman-Sachs-socialist-nightmare. But it could still happen, and it could be worse. The national orbit has swung again slightly, like a pendulum with an elliptical chaotic path. With Rudd destabilized, so are we all collectively far from center.
Australia could be headed for an election where climate change is still a central issue, or worse, it won’t be, and the nasty surprise will spring afterwards.
Sigh. Time to party right? Heigh Ho and ra ha ha and all that. Yes, forgive me for not cracking open the champagne. Rudd (Australia’s PM) has finally admitted what skeptics have known for two months, that he doesn’t have the courage of his “convictions” and that all the pious rhetoric was a bluff.
A week before the National Budget comes out, he’s announced he’s shelving the Emissions Trading Scheme that was a defining part of his election campaign for Kevin ’07. It shocked some of the pundits.
Naturally, it’s not bad news, but let’s face it, a green tax is still on the agenda, literally billions of dollars is still being wasted in government programs, we’re still “signed up” for UN agreements worth gadzillions, and to top that off, we have a Prime Minister who’s so unprincipled that in his own words he’s a donothing delayer, an inactivist, a man who gambles recklessly with our childrens future. He’s a political coward, and a failure as a leader, and he’s acting against what he believes is Australia’s best economic interests. He said all that, and all the quotes of his faux anger (see below) come from just one speech.
Abbott still panders to the fake carbon scare, but takes the bankers and futures traders right out of the equation by ditching emissions trading:
“A coalition government would create a $1 billion fund that would be used to purchase initiatives aimed at reducing Australia’s greenhouse gas emissions, Opposition Leader Tony Abbott has announced.”
The Coalition will have to find $3.2 b, compared to Rudd’s $40-$114 billion money-go-round.
Mr Abbott said the criteria by which the coalition would judge the bids for spending would fall into four categories. It must involve a reduction in emissions and it must improve the environment. ‘Third, there must be no increase in cost to consumers”, … (fourth, no lost jobs).
So the Libs take the policy that gives them the back door escape route — they can say that nothing about their scheme is bad, even if the science of climate change turns out to be “absolute crap”.
It’s a lot better than the Turnbull-led effort in Nov 2009 of dancing with the trading scheme on offer, except that I wish the Liberals would be brave — stand up to the science bullies, and just say Who needs any policy at all on a topic [...]
History will record December 1, 2009 as the day of the first major political damage to the momentum of the Global Warming Scam.
For the first time anywhere in a major western democracy, a mainstream party is ready to face an election on “climate change” and face the bullies. The Australian Liberal Party have elected a new leader, held a secret ballot and voted 55 : 29 to defer the Emissions Trading Legislation.
This is what it comes down to:
Turnbull is sacrificing his leadership ambitions, ignoring his party members, brushing off thousands of emails, denying the devastating ClimateGate scandal and the evidence of fraud, and doing his utmost to force through legislation in a break-neck rush when the only reason for the hurry is to make Rudd (his opponent) look good in Copenhagen.
D-Day is tomorrow. If Turnbull can find six complicit senators they can pull the “guillotine” on questions, and force a vote. With their seven votes the ETS legislation could be passed, and from that instant, Australians will be poorer. Even if the scheme doesn’t start, from that moment on businesses and banks will ‘invest’ and demand compensation if it’s not carried through.
Turnbull will face almost certain wipeout the next day as leader in a spill he claims he can win, but has “deferred” from Monday until Tuesday. He is nothing but naked bluff. His determination to help the Labor Party at the expense of his own ambition defies logic and begs dark questions.
21 contributors have published
2563 posts that generated