Logique
Investor
- Joined
- 18 April 2007
- Posts
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Sorry Rob Oakeschott, here's me appreciating the views of a woman (opponents of PM Gillard's plans being as you have said, sexist).
http://blogs.news.com.au/dailyteleg...t_change_the_temperature_so_whats_it_all_for/
Miranda Devine, Monday, July 11, 2011 (my bolds)
"..Opposition environment spokesman Greg Hunt dropped by the blog this morning before delivering his response to the government’s carbon tax announcement at a lunchtime speech to the Lowy Institute.
His two main points:
1) The difference between the European and Australian carbon abatement programs: Europe’s ETS costs $1 per person. Australia’s carbon tax will cost $400 per person. 'The Australian carbon tax will be 18 times larger in dollar terms than the European scheme to date,' he says.
2) Australia’s carbon tax means a huge outflow of funds overseas to buy carbon permits: From $3.5 billion in 2020, blowing out to $23 billion by 2050. Hunt quotes eminent regulatory economist Henry Ergas on the carbon tax: 'Each man, woman and child in this country will be transferring $600 a year to foreign owners of permits. Whatever one may think of those transfers, they mean the government’s compensation promise is vastly underfunded.'
And for what? Australia can abandon its cheap power advantage, close down all its coal-fired power stations and sink into the ocean and the earth’s temperature will not change one jot.
Meanwhile, we keep exporting our coal to China so it can benefit from cheap power and emit whatever it likes.."
http://blogs.news.com.au/dailyteleg...t_change_the_temperature_so_whats_it_all_for/
Miranda Devine, Monday, July 11, 2011 (my bolds)
"..Opposition environment spokesman Greg Hunt dropped by the blog this morning before delivering his response to the government’s carbon tax announcement at a lunchtime speech to the Lowy Institute.
His two main points:
1) The difference between the European and Australian carbon abatement programs: Europe’s ETS costs $1 per person. Australia’s carbon tax will cost $400 per person. 'The Australian carbon tax will be 18 times larger in dollar terms than the European scheme to date,' he says.
2) Australia’s carbon tax means a huge outflow of funds overseas to buy carbon permits: From $3.5 billion in 2020, blowing out to $23 billion by 2050. Hunt quotes eminent regulatory economist Henry Ergas on the carbon tax: 'Each man, woman and child in this country will be transferring $600 a year to foreign owners of permits. Whatever one may think of those transfers, they mean the government’s compensation promise is vastly underfunded.'
And for what? Australia can abandon its cheap power advantage, close down all its coal-fired power stations and sink into the ocean and the earth’s temperature will not change one jot.
Meanwhile, we keep exporting our coal to China so it can benefit from cheap power and emit whatever it likes.."