Our carbon tax just got more insane

[nero_bolt]

Europe’s carbon price is now just a fifth of Australia’s absurd $23 a tonne:

European Union carbon permits posted their biggest weekly drop since January as nations and other policy makers considered a plan to temporarily remove supply from the market.

EU carbon for December fell 11 percent this week to close at 3.78 euros ($4.94) a metric ton on the ICE Futures Europe exchange in London

In two years, under Labor’s policy, we’ll be linked to Europe’s price. Current prices suggest that compensation pitched now for a $23 a tonne price will then be funded by a tax that’s just a fraction of that, leaving a multi-billion-dollar hole.

(labor wont care as it wont be their problem as they will be voted out leaving their mess to someone else to fix)

Time Climate Change Minister Greg Combet came clean on his mendacious spin.

Meanwhile, China keeps stalling on its own miniscule tax:

China will wait until after this year to introduce a tax on carbon, deferring to concern that economic growth might suffer, a government researcher said.

The nation eventually expects to introduce a levy of 5 yuan to 10 yuan (80 cents to $1.61) per ton of carbon, Jia Kang, head of research at the Ministry of Finance, said in Beijing yesterday.

In New Zealand, where the main source of electricity is hydro power anyway, the carbon price is in t...

We really do look ridiculous in our gold-plated global warming evangelism.

http://blogs.news.com.au/dailytelegraph/andrewbolt/index.php/dailytelegraph/comments/our_carbon_tax_just_got_more_insane/

[just_me_karen]

What's that got to do with the carbon issue? Stay on topic please.

[*ibis]

Actually, fact is the rest of the world is doing it, in one way or another. Even developing countries are doing it. If the Libs overturn the carbon initiatives we'll be the laughing stock. 

Many large users of carbon resources in electricity generation, such as the United States, Russia and China, are resisting carbon taxation

the Chinese Government plans to develop emissions trading scheme

There is no nationwide carbon tax leveled in the USA

Canada does not have a federal carbon tax

In July 2010, India introduced a nationwide carbon tax of 50 rupees per tonne (less than $A1)

The Republic of Korea passed legislation in May 2012 for an emissions trading scheme to start from 1 January 2015

[just_me_karen]

States do it in the USA, ibis. I don't think Turkmenistan is considering it. Would you rather join them, or take the lead in environmental responsibility? 

[*ibis]

States do it in the USA, ibis. I don't think Turkmenistan is considering it. Would you rather join them, or take the lead in environmental responsibility? 

we are the largest supplier of coal to the worlds biggest polluter

but hey Adelaide is giving free use of bicycles so i feel all warm and fuzzy

[newstart2380]

What's that got to do with the carbon issue? Stay on topic please.

By introducing a CT large companies must pay huge amounts which is just another form of tax to minimize the deficit just like the mining tax which will also contribute to lessening the deficit which Labor put this country into, it's like a dog chasing its tail.

[just_me_karen]

Ok so Turkmenistan it is ;\

[donnashuggy]

By introducing a CT large companies must pay huge amounts

Not if they are smart and reduce.

[just_me_karen]

Exactly, Donna. That's the part they don't get :^O

[newstart2380]

By introducing a CT large companies must pay huge amounts

Not if they are smart and reduce.

Agree but the sad reality is people will lose jobs as a result, that's called business whether small or large.

[just_me_karen]

Please back that statement with some evidence lol

And research this... Does changing industries create new jobs? Or do they just disappear into the neverland?