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Australian Climate Madness

Saturday, November 1, 2008

Wong to go easy on ETS

This is curious, because yesterday we were hearing how the ETS would have minimal impact on our economy, according to the error-free Treasury models, so presumably we could just plough on regardless and introduce our own ETS. Today, however, Wong is cautious:
Senator Wong told The Weekend Australian the Government had "very deliberately" timed the final decisions on the limits or "caps" it would put on Australian greenhouse emissions so they would be taken after a crucial UN meeting in Copenhagen next year.

Don't you trust your own economic modelling, Penny? In fact, Wong and everyone else at Krudd & Co have realised that the assumptions on which the modelling was based were deeply flawed, including that a deal would be agreed in Copenhagen next year, and even more unlikely, that big emitters like China would agree to emissions reductions by 2015. This doesn't even touch the other crazy assumptions, such as technology for carbon sequestration miraculously becoming effective and cheap overnight, or that a huge proportion of our energy needs suddenly comes from renewable sources.

However, the Government is still committed to a 2010 introduction, irrespective of what happens at Copenhagen. Climate madness.

Read it here.


  • Ahh, Penny. Two wongs don't make a right (apologies arfur).

    Even the zealots sometimes have flashes of common sense - sometimes.

    By Anonymous barking toad, At November 1, 2008 at 11:44 AM  

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