JoNova

A science presenter, writer, speaker & former TV host; author of The Skeptic's Handbook (over 200,000 copies distributed & available in 15 languages).


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Some renewable-energy subsidies are stupidly, insanely expensive, says emissions trader

The price of carbon permits makes them useless. Governments have issued too many permits, and also put in competing programs to reduce CO2 emissions. The collective Green Gravy train is fracturing and now even frustrated carbon traders are pointing out that parts of the save-the-world-program make no sense.

Tough to Keep the World From Warming When Carbon Is This Cheap

“Some of the renewable-energy subsidies are stupidly, insanely expensive per ton of carbon dioxide saved,” said Louis Redshaw, who has his own emissions-trading company, Redshaw Advisors Ltd. in London, and was previously head of carbon at Barclays Plc. “Politicians are not only failing to deliver a comprehensive carbon price for the economy, they are busy undermining them where they exist.”

The price of carbon is destined to achieve its true value — nothing. The only reason it hasn’t done that already is thanks to governments changing the rules to keep it alive.

Carbon trading is still a big merry-go-round even if it’s going nowhere:

Today, there are 38 countries, cities, states and provinces using pricing systems in an attempt to put a lid on greenhouse gases, according to the World Bank.

Secret deal: Australia already has an ETS – carbon tax – starts in 5 weeks

Get ready. The legislation was done on the last day Parliament sat in December. The Coalition government knew it would be popular with the voters who all want “carbon action” so they… buried the news. No cheering. No speeches.

It apparently starts on July 1, and applies to 150 companies — about half our emissions. It’s a Cap N Trade system with “Caps” that can be screwed gently down as the climate warms to fill government coffers and raise electricity prices. The Direct Action plan auctions can be phased out and the SneakTax phased in. It could end up being the main game. A blank cheque.

It’s called “Safeguard” — it was safe for politicians and guards them against their failure to meet pointless, symbolic international agreements to slow storms. A Safeguard for politicians but a SneakTax for the people.

What does it mean? It’s time Australia got a new central political party.

Alan Kohler in The Australian

From July 1, coincidentally the day before the election, the Coalition’s “safeguard mechanism” within its Direct Action Plan will come into force.

One-hundred and fifty companies, representing about 50 per cent of Australia’s total carbon emissions, will be [...]

Bill Shorten wants a lot of new carbon taxes and to help international bankers

A gift for Turnbull, who doesn’t deserve it.

Welcome to Election-2016 in Australia.

We’ve done this before: Bill Shorten has promised there will be “no carbon tax under Labor”. This almost exactly mirrors the promise made by Julia Gillard on her way to the most pathetic parliamentary win ever recorded in Australian history. Gillard’s barely-there-with-the-help-of-two-turncoats-success was based on this infamous deceit, which Mr Bill Shorten approved of and voted in. Channelling Gillard-2010

At least he is kinda upfront about saying there will be no tax apart from a lot of new taxes he calls trading schemes. What kind of trade are you forced by law to make? A tax…

“There will be no carbon tax under Labor, there will be no fixed price under Labor, what we are doing instead is we are working with the market to create an Emissions Trading Scheme,” Opposition Leader Bill Shorten said.

He is offering a kind of “Cap N Trade”, which is bound to suit all the Aussies who’ve been lining up at protests saying “No Carbon Tax. We want Cap N Trade”. Have you met one ? Me neither.

Let’s not forget the advantages of trading versus taxes: Markets [...]

Fake fixed carbon markets feed five billion to financial sharks in EU fraud

Free markets are a hot tool, but sometimes they’re “hot” like a jackhammer at a sewing bee. Who thinks it’s smart to use a free market on a ubiquitous molecule that cycles through almost all life on Earth? Answer: people who profit from it, or people don’t know what a free market is.

About 5 years ago, the VAT tax scam with carbon credits earned financial sharks around five billion Euro. The follow up to that is that, slowly, years later, in Frankfurt about 10 people have been given prison terms. (Is that all? Only ten people and 5b, or are there others in other countries?)

This type of fraud could happen in other markets too, but it surely must be easier to accomplish in fake markets where no goods are transferred. The Global Worriers narrative is that there’s risk in unleashing carbon dioxide, but they never discuss the risks of setting up fake markets, which need a lot of regulation, auditing, checking and all that — especially when every cat and dog have a stake, and the whole market might be controlled by phytoplankton.

Every fake market we set up is a feeding lot for corruption and friends-of-the-mafia. Is [...]

The Emissions Trading Scheme monster idea is back – but the conversation is booby-trapped with fake words

It’s a tax that’s “not a tax” and a “free market” that isn’t free.

Joy. An emission trading scheme (ETS) is on the agenda again in Australia. Here’s why the first priority is to clean up a crooked conversation. If we can just talk straight, the stupid will sort itself out.

The national debate is a straight faced parody — it could be a script from “Yes Minister”, except no one would believe it. Bill Shorten argues that the Labor Party can control the world’s weather with something that exactly fits the definition of a tax, yet he calls it a “free market” because apparently he has no idea what a free market really is. (What union rep would?) It’s like our opposition leader is a wannabe entrepreneur building a Kmart that controls the clouds. Look out Batman, Billman is coming. When is a forced market a free market? When you want to be PM.

The vandals are at the gates of both English and economics, and we can’t even have a straight conversation. The Labor Party is in flat out denial of dictionary definitions — is that because they can’t read dictionaries, or because they don’t want an honest [...]

Are dead fish worth more than live person? Could be… Let’s ban fishing too.

Did you know you can change the weather by not eating deep sea fish? Me neither. But apparently fish and other marine life in the high seas contain $148 billion dollars worth of carbon dioxide. (The carbon price used, which includes mitigation costs, is apparently almost $100/tonne — a tad higher than the current EU carbon price of 5 Euro. The “price” was derived from a US govt agency, wouldn’t you know, not the free market.)

The high seas catch is worth a mere $16 billion and is only 1% of all fish caught. But it follows that either hungry people will have to pay a bit more for their fish, or fishermen will switch to take more fish from the low seas. Either that, or hungry people can just eat more rice, right? And it’s not like anyone cares about the protein content of poor people’s diets is it? (Look who made a hyperbolic fuss about a potential 5% reduction in the mineral content of rice by 2050.)

Lets think for a minute about how anyone would make a global oceanic ban work? Since people only catch deep sea fish for fun, I suppose we just ask them to [...]