Pardon? But Prime Minister, there is a very easy way to cut power bills by 10 per cent:
FIVE weeks after imposing a 10 per cent hike in electricity bills with the carbon tax, Julia Gillard says power prices are rising “too far and fast”.
But the Prime Minister says it’s not her policy but the states and power companies who are to blame for a 50 per cent rise inflicted on families and pensioners.
In a bid to take up the political fight in an area where Labor has been on the back foot, Ms Gillard declares unacceptably high power prices have become “a threat to fairness in our society”.
Her gall is amazing.
Did I say 10 per cent?
DUE to the introduction of the carbon tax from 1 July, the price of electricity rose by 14.9 per cent and gas and other household fuel prices increased by 10.3 per cent.
Julia Gillard’s plan is to send up to $3.5 billion a year overseas by 2020 to simply buy carbon offsets from foreigners instead of making cuts at home. In fact, of her 160 million tonnes a year target of emissions cuts, 100 million will be bought from the likes of China, India and Nigeria in a market that doesn’t actually exist.
Yes, that incredible loss of currency is crazy, and New Zealand is already have second thoughts about its own dumb version, which at least is more modest:
That means we’re exporting a lot of cash in order to meet our carbon-reduction commitments without any compelling evidence we are getting any cleaner.
Even worse, a lot of those overseas credits purchased included ones dubbed dubious “hot air” units that have since been banned. The environmental robustness of the projects that generated them is considered dubious…
One industry source estimated that, assuming each credit sold for an average price of $15, foreign sellers of credits to New Zealand businesses would have earned around $170 million for the 2011 calendar year.
Andrew Bolt’s columns appear in Melbourne’s Herald Sun, Sydney’s Daily Telegraph and Adelaide’s Advertiser. He runs the most-read political blog in Australia and hosts Channel 10’s The Bolt Report each Sunday at 10am, and his book Still Not Sorry remains very widely read.