February 23, 2009
It sure looks as if the Rudd Government is going weak in its knees around its proposed emissions trading scheme, despite its rhetoric that only Labor is keenly committed to doing the right thing environmentally. Inquiries are announced into the merits of a cap and trade emission trading schemes (ETS) as a policy mechanism against regulatory responses, carbon taxes etc, then quickly pulled within days.
Why such an inquiry by the House of Representatives Economics Committee when the Senate has an inquiry, and the report was to be released after the Rudd Government's legislation for its ETS had gone through the Senate? It sounds like this was designed by the Rudd Government to be a politicized inquiry.
Moir
Or does this event also signify the dead of the NSW Right and its opposition to reducing greenhouse emissions? Does it signify that the global economic crisis that other ways of dealing with greenhouse gas abatements need to be looked at---eg., a carbon tax. Are there increasing doubts about what is the best policy option?
I don't know the answers. Nor am I clear about the carbon strategy. I sense wobbles as unions and business raise the spectre of job losses, businesses going offshore and capital flight as they wage their politics of fear to block the shift to a low carbon economy.
My interpretation is that the barest minimum will be donevto reduce greenhouse emissions----the Rudd Government will offer to the emergency summit in Copenhagen next month a 5 per cent reduction in emissions by 2020 from 2000 levels. The promise is that the Rudd Government will do a lot more after 2020, but until then, industries need "assistance measures that support Australian jobs". So says Penny Wong.
The implication that can be drawn from the policy assemblage of the low emissions target, the handouts for the biggest polluters, and the likely initial low cost of carbon, is that the ETS will provide no incentives or price signals for Australia’s heaviest industries to do anything other than continue business as usual. So the Rudd Government's actual policy is to preserve a heavy-emitting, fossil fuel-based economy because of its fears of a big backlash from polluter industries and the unions of the people who work in them.
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well they--Environmental Protection Agencies/Authorities--- need to regulate carbon dioxide from coal -burning car plants, transport industry and manufacturing on the grounds that it is a pollutant that endangers (harms) public health and welfare.
Now that would stir things up among the free market advocates who cannot see any alternative to a deregulated free market.