This is how ‘targets’ hit back
The LNG export industry—one of the most important components of Australia's resources export industries—does not qualify for emission permit exemptions because it falls below an artificial threshold in the Green Paper on reducing "Carbon Pollution". This is dumb (euphemism) and will, no doubt, be 'fixed'. But it is an entirely typical target-hurdle fostering target-management (in place of policy compliance), rocketing lobbying costs, and endless target refinement and ad-hoccery.
"Analysis by the Australian Petroleum Production and Exploration Association and by Deutsche Bank experts confirmed Mr Voelte's calculation that LNG would not qualify for permits under the Government's proposed formula." extract from: The Australian
If targets worked… the Soviet Union would still be in the LNG business, too.
Posted on 07/18 at 12:17 PM.
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