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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Turnbull is already saying climate policies are “not set in stone”. Beware the emissions trading scheme.

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 [...]

Carbon tax and Sydney Uni economics, both slugs on the economy

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 [...]

The free market wins again – carbon auction price is $14 per ton — up to 300 times cheaper than Carbon Tax

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 [...]

Finally! Carbon Tax Gone – Australia gets rid of a price on carbon

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.

[...]

Tic-tic-tic: Carbon tax repeal goes to Australian Senate (track that progress)

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” [...]

The Carbon Tax saga goes on: What game is Palmer playing?

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 [...]