Julia
In Memoriam
- Joined
- 10 May 2005
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The point I was trying to make in posting the link to the original article is this ecological economist's view that - as the Opposition and others have been attempting to suggest for some time - the government's proposed ETS is deeply flawed. Viz in particular, the following extract:
Further, yesterday there was a report that the government's costings on the scheme are now way over original budget.
I'm more and more alarmed that they are so intent on proceeding with this tax on all of us, and that the Opposition - to save their political skin in not having to face up to a double dissolution early election - are going to essentially support it.
I wonder if the substantial fall in today's opinion polls, showing the government's primary vote is down 7 points, might offer Mr Turnbull enough encouragement to consider holding out and not passing the ETS legislation?
Dr Spash said trading schemes did not efficiently allocate emission cuts because their design was manipulated by vested interests. For example, in Australia, large polluters would be compensated with free permits while smaller, more competitive firms would have to buy theirs at auction. The schemes were also flawed because: global warming was caused by gases other than carbon; emissions were difficult to measure; carbon offsets bought from other countries were of dubious value; and the schemes "crowded out" voluntary action by individuals. He concludes that more direct measures, such as a carbon tax, regulations or new infrastructure would be simpler, more effective and less open to manipulation.
Further, yesterday there was a report that the government's costings on the scheme are now way over original budget.
I'm more and more alarmed that they are so intent on proceeding with this tax on all of us, and that the Opposition - to save their political skin in not having to face up to a double dissolution early election - are going to essentially support it.
I wonder if the substantial fall in today's opinion polls, showing the government's primary vote is down 7 points, might offer Mr Turnbull enough encouragement to consider holding out and not passing the ETS legislation?