Dear Kevin Rudd, current Prime Minister of all Australia,
Of all the meaningless things to stake your premiership on, it has to be that ridiculous notion of Carbon Trading.
You realise that it won’t raise a single dollar for the de-Carbonisation of your appallingly ginormous national Energy and Transport sectors, don’t you ?
Just because Europe is playing at Carbon Markets, doesn’t mean it really works. The Euro cost of a tonne of Carbon today is EUR 13.06, nowhere near the “Stern optimum” of USD 80 per tonne of Carbon Dioxide. (The IPCC reckons on USD 100 per tonne, by the way).
And just because the Americans might join in with a Carbon Market of their own doesn’t mean you have to join in with their game.
With all those plans for Carbon Capture and Storage (expensive) and New Nuclear (costly), the Europeans and the Americans are heading for trouble if they think they can raise the finance for this from Carbon Trading.
Carbon Trading isn’t like a tax : revenues don’t come straight through the coffers of the State. You may Auction Carbon Permits, like the Europeans plan to from 2013, but the only people who will really win are the Bankers.
And don’t expect it to have any measure of success for years and years, if it ever does. Carbon Trading will be usurped and made into a commodity market, not a de-Carbonisation stimulus.
We don’t have years and years to wait for a cumbersome, top-heavy fake commodities market to produce Carbon emissions reduction. We need Peak Global Carbon by 2015, or we’re peach melba on a catastrophic fire risk day in Sydney.
Don’t throw away your leadership position over a failed Classical Economics-driven policy.
Why not announce a rapid and immediate ratchet down of the use of Coal ? Why not encourage green investors to make Australia the leading Wind Power nation of the South ? Why not issue Energy rations for your citizens to get the ball rolling ?
Don’t go to the ballot box over Carbon Trading. It’s not worth it.
“Rudd may call election over carbon trading programme : Australian premier could act if Parliament fails to pass his green plans : Cath Everett, BusinessGreen, 20 Nov 2009 : Australian Prime Minister Kevin Rudd, whose government was elected in 2007 on a pro-green platform, may call an early election if Parliament fails to pass his carbon trading programme next week, according to a senior minister. The government is currently negotiating possible changes to the carbon trading proposals with opposition members, who control the upper house of the Senate, the aim being to broker a deal over the weekend. Such changes are likely to involve excluding agriculture from the scheme, although the conservative Liberal-National coalition in opposition is also pushing for coal mining, food processing and a range of other industries to be exempted too…”