Slowly, inexorably, we are inching towards the time when one of the greatest fudges in recent Australian politics will be exposed.
Tony Abbott’s political demolition of the former government’s carbon pricing scheme was based not on what many in his party believe – that climate change is not happening and there is therefore no need to do anything at all – but rather on the assertion that the Coalition could achieve “the same” environmental benefit in an almost pain-free way.
The painlessness and effectiveness of the Coalition’s Direct Action plan has long been disputed. Study after study has concluded that it would actually require far more than the allocated money ($300m, $500m, $750m and then – at least according to the original document – $1bn a year until 2020) to achieve emissions reductions, but the environment minister, Greg Hunt, simply brushed them all aside and insisted his plan would work. Since it was always so vaguely defined it was difficult for those with doubts to pursue the debate.
And post-election it turns out that “the same” environmental benefit might well be the very bare minimum 5% reduction by 2020, despite the Coalition having promised in writing to increase that target under specific circumstances. The independent regulator (which the Coalition is seeking to abolish) says under the agreed conditions it should now be trebled. The Coalition says it is sticking with 5%.
But on both these fronts – the effectiveness and cost of the policy and the target it will need to achieve – a moment of truth is imminent.
http://www.theguardian.com/world/2014/apr/11/direct-actions-moment-of-truth-is-imminent
best investment ever
