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/

[*ibis]

you should write for crickey.com d-shug

[donnashuggy]

ha ha ibis, facts might get in the way.

[topsidesoul]

Double carbon tax hit for power bills

TAXPAYERS have already seen their power bills rise by almost $200 a year on average under the carbon tax - and now they will have to fork out for it a second time.

NSW Treasurer Mike Baird said almost $1 billion was predicted to be wiped from the state's declining economy as the Gillard government raided its coffers under the tax.

He said consumers, who have been stung with energy bill increases of 52 per cent in the past three years, were already contributing $580 million to the federal government this year. And in what he described as a "double hit," new Treasury modelling revealed the state-owned electricity generators would also forgo $355 million in revenue to the federal government.

Mr Baird said the cost would ultimately be passed on to energy consumers and reduce the state budget bottom line by $237 million. He said to make matters worse, the tax had forced a $1.3 billion reduction in the value of state-owned generator assets.The assets are expected to be sold to finance big infrastructure projects, including the WestConnex tollway. "The carbon tax is already having a very real impact on NSW at a time when we can least afford it," Mr Baird said.

Central Coast couple Belinda and Mark Bridge say they are so concerned about electricity bill rises that they've started paying their energy provider extra each month.

http://www.dailytelegraph.com.au/news/double-carbon-tax-hit-for-power-bills/story-e6freuy9-1226598965324  

Maybe you should post the truth for once in your life...

http://www.news.com.au/money/cost-of-living/carbon-tax-not-main-driver-of-energy-price/story-fnagkbp...

THE carbon tax is not totally to blame for higher electricity prices, gas and electricity supplier AGL Energy says as it calls for the deregulation of what consumers are charged.

AGL says the tax does contribute but the main driver of higher energy costs is the lack of state government spending on energy infrastructure, along with changed consumption patterns.

The company says electricity prices should be fully deregulated, so consumers could be charged according to the time of the day or night at which they use power.

"The carbon tax and the renewable energy target are often cited as the reasons for the increases in electricity prices,'' AGL chairman Jeremy Maycock said in the company's annual report released today.

"While it is true that both these items have added costs to the industry, they are secondary to the main drivers of higher costs: capital expenditure on electricity networks (particularly in NSW and Queensland).''

Mr Maycock said capital expenditure on electricity networks was now several times higher than in the 1990s, which partly reflected state government underinvestment in energy transmission and distribution infrastructure over many years.

It also reflected the pattern of increased peak demand for electricity in the early mornings and early evenings on hot days, even though total demand for power was falling as customers cut consumption because of higher prices.

Mr Maycock said this consumption pattern had led to the building of infrastructure that likely would be used just a few hours each year, that is, only at peak times.

Consequently, prices had risen as power companies sought to recover the cost of that investment.

"An alternative solution would be to fully deregulate electricity prices and allow energy retailers to offer competitive 'time of use' energy pricing,'' Mr Maycock said.

He said research indicated consumers would respond by reducing demand at peak periods.

Consumers unable to change their consumption pattern could be offered financial support to cope with the increased cost, he said.

Mr Maycock criticised energy regulators, saying that over the past 12 months, public policy development had deteriorated and there appeared to be no overall strategy or objective.

"Particularly concerning has been the unpredictable determinations of some state government regulators in the setting of retail energy prices, especially in relation to electricity,'' he said.

"Some regulators have responded to the large increases in electricity prices observed over the last three or four years by adopting short-term populist policies rather than deal with the real reasons for higher prices.''

Mr Maycock said the result was regulators unfairly blaming energy retailers such as AGL for high prices.

Read more: http://www.news.com.au/money/cost-of-living/carbon-tax-not-main-driver-of-energy-price/story-fnagkbp...

[newstart2380]

How would I know who worked for the labor party and if that person was qualified to give me advise on how I should run my business in a sustainable and profitable way whilst reducing my carbon output. 

Happy to listen to all sensible and constructive advise.

[just_me_karen]

I am more than qualified, ns, but I'm not here to offer gratuitous advice to failing businesses.

[nero_bolt]

I am more than qualified, ns, but I'm not here to offer gratuitous advice to failing businesses.

Nasty answer there.........  

Business's are failing in record numbers because of the Labor Govt we have. Happens everytime we have a Labor govt and the Kevin/Julia one is the worst in history and this blight and con called the carbon tax is simply killing business and sending it over seas....

Now this... well worth reading.... 

The Great Green Con no. 1: The hard proof that finally shows global warming forecasts that are costing you billions were WRONG all along

Read more: http://www.dailymail.co.uk/news/article-2294560/The-great-green-1-The-hard-proof-finally-shows-globa...

No, the world ISN'T getting warmer (as you may have noticed). Now we reveal the official data that's making scientists suddenly change their minds about climate doom. So will eco-funded MPs stop waging a green crusade with your money? Well... what do YOU think?

The Mail on Sunday today presents irrefutable evidence that official predictions of global climate warming have been catastrophically flawed.

The graph on this page blows apart the ‘scientific basis’ for Britain reshaping its entire economy and spending billions in taxes and subsidies in order to cut emissions of greenhouse gases. These moves have already added £100 a year to household energy bills.

Steadily climbing orange and red bands on the graph show the computer predictions of world temperatures used by the official United Nations’ Intergovernmental Panel on Climate Change (IPCC).

The estimates – given with 75 per cent and 95 per cent certainty – suggest only a five per cent chance of the real temperature falling outside both bands.

But when the latest official global temperature figures from the Met Office are placed over the predictions, they show how wrong the estimates have been, to the point of falling out of the ‘95 per cent’ band completely.

The graph shows in incontrovertible detail how the speed of global warming has been massively overestimated. Yet those forecasts have had a ruinous impact on the bills we pay, from heating to car fuel to huge sums paid by councils to reduce carbon emissions.

The eco-debate was, in effect, hijacked by false data. The forecasts have also forced jobs abroad as manufacturers relocate to places with no emissions targets.

Big read and well worth it to dispel the green con...

Read more: http://www.dailymail.co.uk/news/article-2294560/The-great-green-1-The-hard-proof-finally-shows-globa...

[just_me_karen]

Actually, our economy is thriving, one of the strongest in the entire world... so any doomsday talk about crumbling business is just that, doomsday talk. If businesses aren't able to adapt to the changing world during a comparatively strong economic climate, of course they'll go under... and that's the fault of management, not any political party.

libs are famous for their fearful attitude to change, it's self explanatory really. Adapt or sink. Ask Harvey.

[catsnknots]

Chatting to someone out in a mining town.. 

OMG.. if things do not pick up businesses will be going bankrupt... if you think things are going good and that we are a power house on the world stage then you are fooling yourself... 

they are struggling bad.... 

[monman12]

NW, I suggest you  quote some home grown reputable scientific bodies when you are grasping for  credible technical information apropos carbon dioxide concentrations/mirrored global temperature rises, as the UK Daily Mail does not qualify.  I also suggest you consider the term "trend".  Try the CSIRO BOM or if you prefer OS "sources":

http://www.climate4you.com/GlobalTemperatures.htm#Comparing%20global%20temperature%20estimates

TH: "My money is on it being a cash grad by a desperate government" You lose your money!

"I bet they do because its about taxing people for the cash, why esle is ours so over priced to the rest of the world."

"The tax is a con and nothing more than a cash grab"

TH, I say again, for the umteenth time, the carbon tax is a drain, not a gain on the governments money box. It is also a tax on just 293 companies and organisations, not people.

[freakiness]

Chatting to someone out in a mining town.. 

OMG.. if things do not pick up businesses will be going bankrupt... if you think things are going good and that we are a power house on the world stage then you are fooling yourself... 

they are struggling bad.... 

They're struggling here too. Thing is they're buying new cars, taking holidays, buying new houses or renovating, so it can't be that bad.