$7b paid in carbon tax to reduce CO2 by 0.3% and cool us by zero degrees

This news was so boringly predictable I almost didn’t post it, but numbers like this of actual outcomes of visionary Big-Government Experiments are hard to come by.

Seven billion dollars works out to $350 per person, and $1,350 per household of four, for one year. If Bill Shorten (leader of the opposition) had to knock on doors to collect this tax, there would be a riot in the street tomorrow.

The Australian reports that the $1,350 from your house for the year to Sept 2013, produced an emissions fall from 543.9 million tons all the way down to 542.1 .

National greenhouse accounts to be released today show carbon emissions fell just 0.3 per cent in the year to September 2013. This was despite the carbon tax raising $7 billion over the period.

But I hear some cry that it did help reduce emission from electricity:

The Department of Environment figures, obtained by The Australian, show electricity emissions fell 5.5 per cent or about 11 million tonnes in the year to September.

However virtually none of the 11 million tonnes “saved” had much to do with the carbon tax. About 5 million tons was due to reduced economic activity […]