The Australian Labor government has yet again ignored climate change in its latest budget. Treasury’s forecast for the Australian carbon price in 2015 (when it is scheduled to become an internationally-linked emissions trading scheme or ETS) has been revised downward from $29/tonne to $12.10/tonne, a belated implicit admission that its decision to link to the …
Category Archive: Carbon Price
Apr 18 2013
Is it time to abandon emissions trading?
Yesterday the European Parliament voted down a European Commission proposal to postpone the auction of 900 million permits for the European Union Emissions Trading Scheme (EU ETS) from 2013-2015 until 2019-2020 (called “backloading”). The proposal was predictably opposed by Poland and other eastern European countries, and unfortunately also met resistance from conservative forces within some …
Apr 11 2013
Australia’s carbon price time bomb
Australia’s carbon price, presently fixed at $23/tonne, is the subject of many political talking points. The most important (and perhaps most confusing) disagreement is over whether or not the carbon price is effective. The Labor government and the Greens, who designed the policy, claim the carbon price is already cutting emissions, pointing to reports that …
Mar 10 2013
Caps Review Part 6: ETS design flaws and pitfalls
This is the sixth part in a series about the Caps and Targets Review being conducted by the Australian Government’s independent Climate Change Authority (CCA) this year. Part 1 summarized the global climate crisis, Part 2 explained the importance of the review and how CCA should approach it, Part 3 outlined the role Australia should …
Mar 09 2013
Caps Review Part 5: Emissions caps
This is the fifth part in a series about the Caps and Targets Review being conducted by the Australian Government’s independent Climate Change Authority (CCA) this year. Part 1 summarized the global climate crisis, Part 2 explained the importance of the review and how CCA should approach it, Part 3 outlined the role Australia should …
Jan 16 2013
Liberals Part 3: False crimes of a climate crook
This is the third part of a series examining the Liberal Party of Australia. Part 1 covers the party’s climate change denial and intention to abolish various existing climate policies. Part 2 examines the climate policies they promise to introduce. This part defends them against incorrect criticisms of their climate policies. To use language which …
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