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By Jo Nova
Welcome to Futility Island
Shut down Australia and save 0.01 degrees.
Australia’s role as the Global Renewables Crash Test Dummy continues.
Having installed more renewables per capita than anywhere on Earth, our PM declared that the decade of doing nothing was over. It was time to crash faster, or something.
So, the revamped Australian carbon tax called the Safeguard Mechanism does everything it isn’t supposed to. Gas and electricity prices will rise, climate targets will be harder to reach, the grid will get more unstable, and investors will run a mile now that new gas fields have to be “net zero” — meaning presumably they will have to buy carbon credits before they sell their first cubic meter of gas. The field of ineptitude even reaches overseas — with less gas for sale — our trading partners will just buy more coal.
Australia will spend even more billions to win a fashion contest at UN dinner parties and cool the world by 0.0 degrees C.
The Australian Electricity market melted down last winter, and stopped trading, because we didn’t have enough gas for the artificial “transition”. Even the hard-left AEMO — our climate activist electricity […]
Most Cantons in Switzerland voted “No”.
The Swiss just voted down their governments plan to change the weather with increased car and airline taxes, albeit by only 51.6 to 48.4. That nearly half the population voted yes is testament to thirty years of non-stop propaganda, and the near complete suppression of skeptics.
Imagine what the vote would have have been if they allowed skeptics equal air time and funded skeptical scientists even at 10% the rate the believer-modelers get?
BBC reporters were shocked:
Swiss voters reject key climate change measures Switzerland’s policy on fighting climate change has been thrown into doubt after voters rejected key measures in a popular vote.
A referendum saw voters narrowly reject the government’s plans for a car fuel levy and a tax on air tickets.
The measures were designed to help Switzerland meet targets under the Paris Agreement on climate change.
But no one mentioned this on the ABC or SBS news tonight. Instead they told us “Australia is increasingly isolated” for the 440th time.
A huge shock
By Imogen Foulkes, BBC News, Bern
The no-vote to limiting emissions is a huge shock. The Swiss […]
The parasites take $1,300 per household each year in Australia
Australians could save $13 billion dollars a year if they weren’t forced to pay for pagan climate witchery.
If the bill collector knocked at the door and demanded $1,300 dollars each year to try to stop storms and floods a century from now, there would be riots in the streets. Instead the money is buried in complexity and taken in slices through unlabeled bills and receipts throughout the year. We list the GST. Imagine if we listed “the Climate Tax”?
Malcolm Roberts, a One Nation Senator has commissioned a study by Alan Moran to add up the cost. But why did he have to do that? Where was the Treasury, the Minister for Energy, the CSIRO, the ABC, the Labor Party, the State Premiers, and all our universities? All apparently, are out to lunch with the vested interests or running chicken, afraid of being called names.
Alan Moran adds up the state and federal subsidies, including the renewable schemes (like the SRET) that charge every electricity user for other people’s solar panels. He also includes the costs to businesses from higher electricity charges — which are invariably passed on to […]
Prime Minister Justin Trudeau wanted all the Canadian provinces to do their own carbon tax, and threatened to do a weapons-grade national tax if they didn’t and they aren’t. Ontario, Saskatchewan, New Brunswick, Prince Edward Island and Newfoundland all said No. Now the Premier of Manitoba has done some spectacular backflipping to join them.
A mere few weeks ago he was Trudeau’s best friend promising to start collecting a $25-a-ton tax on December 1. Brian Pallister was hoping that his smaller tax would stop Trudeau from hitting them with the big one — a tax that started at $10 and added $10 each year until it reached $50 in 2022. But Trudeau said he’d make them pay twice, and now Pallister has said “No thanks” too. Not only has he pulled the pin on his own tax, but he’s going to fight Trudeau next year to stop The Big One as well.
To appreciate how big a flip this was, ponder that Pallister had been planning to bring in his carbon tax for a year, and even had a special scheme for the big six corporates there to dodge his tax with their own private cap-N-trade scheme. Only small companies […]
Graham Lloyd points out we are back where started — a national plan involving international carbon credits:
RepuTex analyst Hugh Grossman says the NEG, in effect, will establish a de facto price on greenhouse gas emissions from the power sector.
The government already has indicated that the electricity companies may be able to purchase international or domestic carbon credits to cover any overruns. This remains dangerous political territory for the federal government, which was forced to rule out unequivocally a carbon tax or market-based trading scheme when the review was first announced. A crucial decision will be how to manage the safeguards mechanism under which big emitter companies will be curtailed in growing their emissions.
This was the point that played a part in destroying two Prime Ministers here, and one opposition leader — Turnbull got tossed out in 2009 for Abbott over his support for the emissions trading scheme. Abbott pandered in too many respects to the carbonistas, but he always said emphatically “no” to international carbon credits. If we funnel money offshore for atmospheric nullities over China, we truly get nothing at all in return, and worse, we feed the crony crooks, the financial […]
It was no accident that Turnbull turned out to be a lousy campaigner. He stood for things the people didn’t want, so he couldn’t mention his “successes” nor point at Labor’s big failures.
Andrew Bolt wonders why Turnbull didn’t run the carbon tax scare, which worked so well for Tony Abbott:
If only Turnbull had followed another critical tip from the shrewd Hunt, to hit Labor with an attack on his planned electricity tax – a new carbon tax. As Labor’s Mediscare has proved, the electorate is highly sensitive to threats to the household budget after several years now of living standards not rising. An attack on Labor’s electricity tax could have been decisive, but that was one more piece of good advice Turnbull ignored.
It was not about good advice. Turnbull couldn’t run the carbon tax scare — because he and Greg Hunt had bought a carbon tax in themselves — the hypocrites would be exposed. Worse, it would remind the electorate of what they voted for so emphatically in 2013 — a mandate to get rid of a carbon tax.
The last time the Coalition could campaign on getting rid of that great big carbon tax […]
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 […]
Australians have voted against a carbon tax twice. Liberals threw out Turnbull over the introduction of an emissions trading scheme in 2009, yet here he is, barely leader for two weeks and already they are floating a timeframe for the introduction of emissions trading.
I did warn that the Turnbull agreement with the Nationals to keep Tony Abbott’s climate policies means almost nothing. It’s easy for him to keep the “target” and shift towards an Emissions Trading scheme (ETS) and he and Greg Hunt are suggesting that already.
Indeed, some of the fine print Turnbull probably wanted was already written in Abbott’s plan. Thanks to Al Gore and Clive Palmer, the possibility of emissions trading was left in the Direct Action legislation.Why else would Gore fly out here to stand next to a coal miner? And what did he offer Clive in return we wonder? Suddenly, Palmer demanded an ETS for his vote, but finally settled for a clause saying an ETS should be “reviewed” if our main trading partners brought one in. So Turnbull can technically keep the Abbott “plan” but entirely break the spirit of it. The Nationals (and 54 pro-Turnbull Liberals) will look like fools if they […]
It’s only been a week, and already the door is open to the emissions trading monster. The Nationals may have got Turnbull to agree in writing last Tuesday that he would not change the Abbott policies, but writing things on paper is not enough, apparently it needs to be carved in stone.
If the member for Goldman Sachs still wants the fake “free” market solution — the one he threw away his leadership for in 2009 — he can keep the current coalition plan but use foreign credits to meet the targets. The global carbon market is the $2 Trillion dollar scheme to enrich financial houses, crooks and bureaucrats. It’s a whole fiat currency, ready-to-corrupt. The vested interests in this are knocking at every door. They’d be mad not too. But what kind of world do we want to live in? We don’t have to reward the do-nothing unproductive sector and the corrupt.
A carbon tax is a pointless waste, and the worst kind of carbon tax is a global trading scheme.
If Australians don’t want to be sold out in Paris, they need to protest now. I suggest writing to The Nationals, Libs, Nick Xenophon and media outlets.
Six […]
Michael Harris, Senior Fellow in the School of Economics at University of Sydney, has the impossible job of defending the monstrously ineffective carbon tax against the pointless-but-efficient “Direct Action” program. The carbon tax cost $15b, and cut emissions by 12 million tonnes. The Direct Action plan cost $660m, and is projected to save 47 million tonnes.
Having no numbers remotely on his side, Harris goes quantum semantic. Watch the leap. A tax is not a cost, only a transfer. That makes your tax bill so much easier to pay:
There is also a difference between costs to the economy, and transfers within it. The amount of revenue raised through any tax is not a cost; it is simply a transfer from one “pocket” to “another”. The money has not been destroyed, and it remains available to be spent on something.
Now it seems to me that if I buy a beer, it’s a transfer from one “pocket” to another pocket and if that money is destroyed in the process, that would be the end of the bottle shop. The world of economics rather depends on that money not being vaporised and being available for the shop owner […]
Landfill gas
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 […]
As of today, Australia no longer has the most expensive “carbon” price in the world. The voters didn’t ask for a tax in 2010, but it was forced on them in 2011. They rejected it wholeheartedly in 2013 but it still has taken months to start unwinding this completely pointless piece of symbolism which aimed to change the weather. The machinery of democracy may be slow, but this is a win for voters.
11:15am EST today: The Australian Senate passes the carbon tax repeal bill.
“Australia has become the first country in the world to abolish a price on carbon, with the Senate passing the Abbott government’s repeal bills 39 votes to 32.“ SMH
Now we need to turn off the tap to all the other green gravy rent-seekers who ignore the evidence.
h/t Matthew (aka Matty thanks!)
Other news services are starting to cover this. All the cross-benchers except Nick Xenophon (who was absent) voted for the repeal. Labor and the Greens opposed it. News.com
Soon big companies will stop paying a penalty on carbon emissions, currently just over $25 a tonne, ending Australia’s most controversial policy implementation since the 2003 decision to join the Iraq invasion.
[…]
UPDATE Thursday: DONE Success at 11:15am this morning in Canberra. The Carbon Tax is gone.
UPDATE: Weds –– This could take days. The repeal was before the Senate this morning. Labor and the Greens are “dragging the debate out” with speeches. “Filibustering” according to Finance Minister Mathias Corman (The Australian). More debate is due tonight. But the Senate has agreed to extend sitting hours after Friday and keep coming back until this is resolved. They were due to start a 5 week break on Friday. (See Sky News too). This doesn’t look like being resolved today. (SMH)
Sydney Morning Herald: It [The government] was concerned that while all eight cross-bench senators say they are committed to consigning the carbon tax to history in a final vote, as many as three might baulk at the use of a guillotine to bring an end debate and force that vote.
In a further sign the government had lost exclusive control of the legislative timetable, the Climate Change Authority bill was removed from the list of those to be considered, supposedly at the insistence of the PUP.
Sources said the CCA bill, the purported vehicle for Mr Palmer’s proposed ”dormant” […]
Clive Palmer, the coal mining Billionaire and his three (or four) PUP Senators have voted down the Carbon Tax repeal they said they would pass. It was quite the blockbuster day in Australian politics. They supported the government move to bring on the vote at 11:45am today, then decided not to vote for the repeal bill. They hold the balance of power. The carbon tax is still law. It may get voted on again by next Thursday, but if that fails, it won’t be voted on again til August, and millions in carbon tax payments are on the line.
There are at least three version of why the bill failed (the same thing happened the day Palmer met Gore). Sky News suggests PUP wanted to change their amendments. According to News.com, Palmer says the amendments put forward by the Coalition were older ones, and not the newer ones the Coalition agreed to, and he claims the government pulled a “swifty”. In an article in The Australian, it appears the problem was that the amendments were not circulated at 8.30 this morning. Given that Palmer has been known to feed scurrilous versions to the media, perhaps the confusion here is no […]
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 […]
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 […]
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.
April 18th, 2013 | Tags: Carbon Tax | Category: Global Warming |  Print This Post | |
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 difference […]
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 […]
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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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