Posts tagged…Cap And Trade
Cap-and-trade to fund Obama’s tax cuts
Thu, Mar 26 2009This seems to be a plan to make the workers pay for the proposed tax cuts for the middle-class.
"The White House planned to finance the tax cuts with revenues from its proposed cap-and-trade scheme to regulate carbon dioxide emissions, but neither the House nor Senate budget committees are planning to include those measures in their legislation.
In his press conference on Tuesday evening, Mr Obama…
Read more…What the carbon caps will cost
Sun, Feb 08 2009
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The Reserve Bank of Australia's quarterly Statement on Monetary Policy (6 Feb, 09) contains the latest estimate—using the Treasury model, is my guess:
"Overall, assuming an emissions permit price of $25 per tonne of CO2-e, it is estimated that the net result will be to reduce GDP growth by…
Emission controls not warranted by facts
Tue, Dec 16 2008
Some environmentalists (and The Age newspaper) are predictably crying foul at Kevin Rudd's relatively modest White Paper option of up to 25% or 35% cuts from the estimated business as usual level of Australian GHG emissions in 2020. Nevertheless, the proposed ETS conforms to the government's threat to "reform and transform our economy" (Climate Minister, Penny Wong), by effectively choking it…
Transition to a non-carbon economy
Fri, Nov 21 2008The objectives of climate-change mitigation programs such as those in the Garnaut Report or in the Australian Government's absurdly-named 'carbon pollution reduction scheme' cannot be achieved by 2020 or 2050 without a massive, and rapid, transition away from carbon-intensive energy sources of primary energy for base-load power generation, transport etc.
But forcing rapid change in the way we…
Designing a carbon tax
Wed, Aug 06 2008
"Experts" are struggling for space in the media to peddle designs for a carbon "pollution" reduction tax. Paul Kelly in the Australian newspaper seems to approve a proposal by Geoff Carmody of Access Economics for a consumption tax in place of a cap-tax-equivalent on production of Australian carbon.
"'Australia can only control its consumption of emissions,' he says. 'Attempts to control…
You need a model?
Fri, Jul 04 2008I can't get a response out of the Garnaut Review website—probably overloaded—to download the Review report. But here's an extract from Prof Garnaut's address to the Press Club on a 'curious turn' in AGW 'dissent':
"The dissent took a curious turn in Australia in 2008, with much prominence being given to assertions that a warming trend had ended over the last decade. This is a question that is…