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/

[the_hawk*]

I wonder, are we the only nation on earth that cares or is just a giant rip off 😉

My money is on it being a cash grad by a desperate government

[just_me_karen]

Even though you've seen evidence of it working, with your own eyes... And even though most of the industrialised nations are doing it, plus many emerging counties (India for eg), you still call it a cash grab? Lol!

what's the bet, if the Libs ever overturn the carbon price legislation, it will promptly be replaced with something very similar? 

[newstart2380]

I wonder if many younger people today know the origin of the phrase “I’ll cc you on that.”

[topsidesoul]

I guess Tony Abbott is glad he decided not to publically pursue a carbon tax and instead point the finger at everyone else who supported it.....Like the Hypocrite we all know he is..

Is he a climate change denier because he denies thge climate is changing?

Or is he a climate change denier because he denies  he once supported trying to stop climate change with a carbon tax?

Tony Abbott:

If the simple challenge is to put a price on carbon, if you were to put a carbon tax on energy consumption, if you were to put a carbon tax on fuel consumption and if you were then to rebate that tax to the people who paid it, you would have raised the price of carbon, you would have avoided an increase in the overall tax burden and you would have gone down a path that everyone understands.

So, I think that would have been a much simpler way of going....

http://www.youtube.com/watch?v=12PN66IBoPs

[*ibis]

can anyone here post a link to where tony abbott denies the climate  changes

its hard to believe that there is one single solitary person living on this planet who doesn't believe the climate changes

[donnashuggy]

can anyone here post a link to where tony abbott denies the climate  changes

I didn't think you read stuff you didn't like?

[the_hawk*]

what's the bet, if the Libs ever overturn the carbon price legislation, it will promptly be replaced with something very similar? 

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.

and I havent seen it fix any thing yet, I believe the scientist have said it will take around 200 years and will are still pumping it out at a high rate while chopping down the forests that have stored it for centuries.

If you think a tax is going to fix the problem or even minimize it you are dreaming :^O

The climate will continue to change at an every accelerating rate, the polar ice will also continue to melt at a accelerating rate that will further change weather patterns.

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

Come back in 10 years and then tell me how it has fixed the problem by reducing the levels of CO2 in the atmosphere and I will believe it has helped, until the part per million reduce then nothing has changed

[lakeland27]

come back in 10 years (in a coolsuit)

[nero_bolt]

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