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The carbon tax: all economic pain, no environmental gain [Copy link] 中文

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Post time 2011-11-22 19:10:42 |Display all floors
This post was edited by sansukong at 2011-11-23 04:49

The carbon tax: all economic pain, no environmental gain
Mathias Cormann  PerthNow   October 12, 2011 5:05PM
Last updated: November 23,

SO the Gillard government has now rammed its 19 carbon tax bills through the House of Representatives.


This is despite an emphatic pre-election promise that there would be no carbon tax under

a Gillard led government, in defiance of strong public opposition to the tax and in spite of overwhelming evidence that a carbon tax is not in our national interest.


The bills will now move to the Senate.


Last week the Senate Carbon Tax Inquiry, the most comprehensive parliamentary inquiry


into the tax, released its report.


Its findings are based on evidence from a wide cross section of experts and, unlike

the government sponsored shotgun inquiry, held hearings across metropolitan,

regional, Eastern and Western Australia.


The findings of the Senate Committee’s twelve month inquiry are clear. The carbon
tax will impose economic pain on Australia for no environmental gain. It will not
reduce emissions but will reduce our international competitiveness and cost jobs.

According to the government’s own modelling domestic and global emissions will

continue to grow, while the cost of living will go up and up and up and real wages

will be lower than they would be without a carbon tax.


Electricity prices alone will go up by 10 percent in the first year of the carbon tax. Lower emitting Australian businesses forced to pay the carbon tax will become less competitive than their higher emitting international competitors not facing a carbon tax. Higher

emitting businesses overseas taking market share away from even the most

environmentally efficient equivalent business in Australia, means jobs and emissions

will shift overseas.That is not effective action on climate change. It is – as a US Congressman perceptively observed about Australia’s proposed carbon tax – an act

of unilateral economic disarmament.


According to the Treasury’s own modelling and evidence before the inquiry by

Professor Henry Ergas, the carbon tax will cost the Australian economy more

than

$1 trillion between now and 2050. That is in today’s dollars and is just
about the whole GDP for the whole of Australia for a whole year. It means
Australians will effectively have to work for nothing for a whole year to pay
for the impact of Labor’s carbon tax between now and 2050.

Given the government’s modelling is based on some highly contestable assumptions – in particular around carbon pricing by our major trade competitors – it is highly likely that the impact of the carbon tax on both the cost of living and the broader economy will be even more severe than the modelling suggests.Climate Change Minister Greg Combet sought

to dismiss those findings. Australia’s GDP he argued would more than double between

now and 2050, increasing by $2.3 trillion.


The Minister’s statement does nothing of course to disprove the claim that the

carbon tax will cost the Australian economy $1 trillion to 2050 – or about $40,000

for every Australian.


Slower growth has a cost. Yes there is still growth, but it is less (much less) than it would have been without a carbon tax. Any Australian with superannuation knows that lower, slower growth in the value of their investments over a forty year period means less

money available for their retirement.


Similarly, lower growth of the economy as a result of a self-inflicted carbon tax means

less money going around. $1 trillion less between now and 2050. Because the Treasury modelling is clear. It states in black and white that with a carbon tax our GDP is expected

to be 2.8 percent lower by 2050 than it would be without one.


Based on the discount rate recommended by the government’s own climate change adviser Professor Garnaut, the cumulative dollar value of that loss in national wealth in today’s dollars is about $1 trillion.


Under the carbon tax legislation the government has pushed through the House of Representatives today that $1 trillion loss in national wealth comes on top of about $792 billion we will be required to send overseas to buy international carbon permits. That’s

a lot of money for something that will not actually make a difference to the environment.


Claims by the Prime Minister and the Treasurer that the carbon tax will not result in fewer jobs cannot be believed. Treasury never modelled the impact of the carbon tax on jobs. Rather than actually assess the impact of the carbon tax on jobs, Treasury simplyassumed that ‘in the long run’ it would have no impact on unemployment levels.
There is a better way for the economy and for the environment. Direct investment in better cleaner technology, further improvements in energy efficiency, better land care and more trees will actually reduce emissions in Australia in a way that achieves net global reductions in emissions instead of just shifting them overseas.

A suspicious electorate was told by the Prime Minister earlier this year that people would like the carbon tax once all the detail was out. Well the detail is out and people like it even less. People understand that they’re being asked to make a sacrifice for no good reason.


Every Labor MP was elected on a mandate not to introduce a carbon tax.Today every

single Labor Member in the House of Representatives has voted in defiance of the

wishes of their electorate. It is not too late for Labor Senators to do better and act

on the emphatic promise they made to the electorate before the last election.






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  • FroPerthNow October 12, 2011 5:05PM





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Post time 2011-11-23 00:33:47 |Display all floors
sausuk skunk,

You are just a Satanic cultist. ;P;P;P;P

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Post time 2011-11-23 03:22:40 |Display all floors
This post was edited by sansukong at 2011-11-23 03:33

Last Updated: November 23, 2011


Carbon tax to cost $1 trillion: committeeBy Paul Osborne  AAP  
October 07, 2011 1:38PM


THE federal government's carbon tax will cost every Australian $40,000 in the period to 2050 and a cost-benefit analysis should be conducted before it passes into law, an opposition-dominated Senate committee says.

The select committee on the scrutiny of new taxes on Friday tabled a 361-page report in parliament looking at whether a carbon tax should be brought in at a time of uncertainty about the global economy and whether there will be a concerted international effort to cut carbon emissions.

Labor's laws to establish in a fixed $23-per-tonne carbon price from July 1, 2012, before moving to an emissions trading scheme in 2015, are set to pass the lower house next Wednesday before going to the Senate for debate.


The committee found that under the government's own modelling the carbon tax would impose a $1 trillion cost on the Australian economy, or $40,000 per person.

"This is likely to be an underestimate given that Treasury's modelling relies on the assumption that other countries will act in concert with Australia to reduce emissions," its report said."

The government has provided no evidence that its policy provides benefits commensurate with these costs.

"Indeed, without global action, a carbon tax in Australia cannot do anything to mitigate the effects of climate change.


"A carbon tax will be all economic pain for no environmental gain."

The report calls for the clean energy legislation to be defeated in parliament, arguing the government had no mandate, Treasury modelling was flawed, it would undermine Australian businesses' ability to compete in the global economy, have a disproportionate impact on regional Australia and raise the cost of living.

If the bills were to pass, the committee said, they should not be written in a way that bound future governments from amending or rescinding the scheme.

And if parliament was to approve the bills, any move towards an ETS should only be done "once current global economic circumstances have improved and there is a legally binding global agreement on tackling climate change", the committee recommended.

A final recommendation called on the Senate - which is yet to debate the bills - to receive all Treasury modelling and an independent review of the modelling and a cost-benefit analysis by the Productivity Commission.

The committee said the emissions cap should be made disallowable and carbon permits not be private property.In a dissenting report, Labor committee members said the coalition majority report rejected the science of climate change and was "a recipe to do nothing".


"There is a sound economic basis for the implementation of a carbon price mechanism," the report said.


"Australia is not acting alone - the rest of the world is moving on carbon pricing."

The coalition's "direct action" alternative would cost at least $48 billion to 2020, the dissenting report said.

Labor members also defended the Treasury modelling, saying it was robust, comprehensive and gave detail on the likely outcomes of the introduction of a carbon tax.

The report said the long-term jobs and investment sparked by the scheme would "far outweigh any modest short-term costs"."

The Australian economy will continue to grow, incomes continue to grow and the carbon price mechanism will decouple growth from greenhouse gas pollution and achieve the bipartisan target of reducing emissions to five per cent below 2000 levels by 2020 and 80 per cent below 2000 levels by 2050," the report said.

The Senate report comes ahead of a joint select committee report examining the 19 clean energy bills and which is expected to be tabled later on Friday.AAP pjo/klm/mat




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Post time 2011-11-23 06:42:41 |Display all floors
This post was edited by sansukong at 2011-11-24 14:50

China issues white paper on climate change
Updated: 2011-11-22 11:04(Xinhua)

BEIJING - The Chinese government on Tuesday issued a white paper on its policies and actions for addressing climate change, highlighting a range of major policy measures to mitigate and adaptto climate change and its remarkable results during the 11th Five-Year Plan (2006-2010) period.

The white paper, titled China's Policies and Actions for Addressing Climate Change, was releasedby the State Council Information Office.

The white paper introduced China's policies and actions for addressing climate change, and thepositive results achieved during that period, as well as China's overall arrangements to addressclimate change and its related negotiating position.

In 2006, China set forth the compulsive goal of reducing its per-unit GDP energy consumption in 2010 by 20 percent from that of 2005.

In 2007, China became the first developing country to formulate and implement a national programto address climate change.

Two years later, China put forward the goal of action to reduce the per-unit GDP greenhouse gas emission in 2020 by 40 percent to 45 percent as compared to that of 2005.

The white paper said China accelerated the transformation of its economic development modeduring its 11th Five-Year Plan period, and achieved remarkable results in controlling greenhousegas emission by promoting industrial restructuring, energy restructuring and energy conservation,improving energy efficiency, and increasing carbon sink.

According to the white paper, China accomplished its energy conservation goals listed in the 11thFive-Year Plan -- China's energy consumption per unit of GDP dropped 19.1 percent from that of2005 accumulatively, which is equivalent to a reduction of 1.46 billion tons of carbon dioxideemissions.




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Post time 2011-11-23 11:49:15 |Display all floors
The committee found that under the government's own modelling the carbon tax would impose a $1 trillion cost on the Australian economy, or $40,000 per person.
.

Global warming by CO2 is a fraud and each poor Australian is made to pay $40,000 for it. That is how ridiculous elected politicians can be, especially those who cannot keep their electoral  promises.......

Every Labor MP was elected on a mandate not to introduce a carbon tax.Today every
single Labor Member in the House of Representatives has voted in defiance of the
wishes of their electorate  
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Post time 2011-11-23 15:12:57 |Display all floors
sansukong Post time: 2011-11-23 11:49
.

Global warming by CO2 is a fraud and each poor Australian is made to pay $40,000 for it. That is  ...

sausuk skunk.


you are just a satanic cultist. Admit it.

on a per capita basis, Australians emit more CO2 than even Americans,.

why shouldn't Australians do some thing about that?

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Post time 2011-11-23 16:32:07 |Display all floors
This post was edited by sansukong at 2011-11-25 15:19
sansukong Post time: 2011-11-23 06:42
China issues white paper on climate changeUpdated: 2011-11-22 11:04(Xinhua)

BEIJING - The Chinese g ...

There is a better way for the economy and for the environment. Direct investment in better cleaner technology, further improvements in energy efficiency, better land care and more trees will actually reduce emissions in Australia in a way that achieves net global reductions in emissions instead of just shifting them overseas.

.

China issues white paper on climate change.

The white paper said China accelerated the transformation of its economic development modeduring its 11th Five-Year Plan period, and achieved remarkable results in controlling greenhousegas emission by promoting industrial restructuring, energy restructuring and energy conservation,improving energy efficiency, and increasing carbon sink.

.

China should take heed not to follow the Aussie Government of introducing "Carbon Tax". It is a self-destructive policy besides being the wrong cause.
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