Carbon emissions trading scheme backdown (1 Viewer)

soloooooo

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The Gillard government announced today that the $15 min. price cap (per tonne) for the proposed emissions trading scheme will be scrpped with no new minimum, althoguh it will be linked to the European system (currently $10 per tonne).

What a backdown. Just last week Combet said that he had no intention of removing the $15 cap.

The budget and all of the compensation (pension rises, tax bracket changes etc) were all based on the $15 minimum price. There is going to be a big hole now.
 

Lentern

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Nice to see you've started calling it what it for what it really is.
 

soloooooo

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Call it whatever you want. At the end of the day it is ineffective.

Let us assume for the moment that human-induced climate change is real and a genuine threat:
1) If human-induced climate change is such a dire problem, then the charges placed on polluters should be much, much higher and this scheme is way, way too low.
2) This will have no impact in cutting the temperature by any measurable amount. It is 0.000002 of a degree (five zeros) by the best (pro) warming scientist willing to put his name to the figure (most of them, like Flannery refuse to answer the question). Scientists who disagree with the climate model gives even smaller estimates.
 
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