Cate’s Green Act Doesn’t Come Cheap

Posted on Sun 01/23/2011 by

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Andrew BoltBy Andrew Bolt

Cate Blanchett and Solar Power

 

Cate Blanchett could at least act embarrassed at this transfer of wealth from the poor to the poseur:

TAXPAYERS are spending millions of dollars to subsidise the electricity bills of Cate Blanchett’s Sydney Theatre Company and replace in-room fridges with “green” Eskies on Heron Island.

Designed to demonstrate solar power and save water, the Gillard Government has spent $15 million on the Green Precinct program at just a dozen “high profile” demonstration projects.

They include a grant of $1.2 million towards the Sydney Theatre Company’s Greening The Wharf project that will reduce energy costs by just $100,000 a year. The total program cost is $5 million.

The cost of reducing greenhouse gas emissions is sky high under the scheme compared to the Government’s failed bid to introduce an emissions trading scheme with a carbon price of around $30 a tonne.

Based on the projected savings under the scheme, the Opposition estimates the Green Precincts Fund comes with an estimated price tag of $2022 per tonne of carbon dioxide saved..

The Department of Sustainability disputed the Coalition’s calculations on the cost of the scheme in terms of the cost of carbon abatement per tonne, but was unable to provide its own estimate.

A spokeswoman said, for example, if the Sydney Theatre Company saved 555 tonnes per year over 20 years, the cost per tonne would be $108 per tonne, not $2162.

If.

Andrew Bolt is a journalist and columnist writing for The Herald Sun in Melbourne Victoria Australia.

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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 is a regular commentator on Channel 9′s Today show and ABC TV’s Insiders. He will be heard from Monday to Friday at 8am on the breakfast show of new radio station MTR 1377, and his book Still Not Sorry remains very widely read.