Climate Change Australia – Government Moves To Cave In To Emissions Trading

Posted on Mon 12/05/2016 by

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Bolt New 01By Andrew Bolt ~

This would be a serious political and financial mistake for Australia.

But it is so typical of Labor-lite Prime Minister Malcolm Turnbull:

CO2 Image 03The Turnbull government will consider the use of international permits to attempt to reduce Australia’s greenhouse gas emissions as part of its landmark review into climate change policies, but an emissions trading scheme is not on the agenda.

With increasing pressure on the federal government to tighten its Direct Action framework to force big polluters to change their behaviour, Energy Minister Josh Frydenberg on Sunday released the terms of reference for the climate review, which will be completed by late next year.

International permits, which allow companies to buy permits from overseas to reduce their emissions, had been favoured by former environment minister Greg Hunt, but were vehemently opposed by former prime minister Tony Abbott.

First, international permits mean Australians must pay foreign entities for certificates that “prove” those foreigners cut their own emissions, allowing us to keep emitting. Such certificates have proved to be very dodgy, if not riddled with fraud. Such a trade would mean a huge loss of money from Australia – and all for nothing. It is almost literally a trade in hot air.

From a 2013 green-leaning study on green fraud:

As is often the case, new markets provide new criminal enterprises and this article concludes that the cultural and economic visibilities of carbon have provided new opportunities for fraud and tax evasion… For some, carbon crime is symptomatic of wider systemic properties of carbon marketisation that are inherently corruptible (Lohmann, 2010) and fraudulent (Bachram 2004)…

The complex carousel frauds in Europe have resulted in Governments providing VAT exemptions from carbon transactions. This article concludes that an uncontested, under‐researched and unchallenged trade‐oriented instrument, embedded as it is in discourses of environmentalism and climate change and granted social and economic visibility by powerful actors, has provided the contexts for fake offsets; fabrication of carbon certificates; bribery of government officials; and the exploitation of Indigenous and poor peoples in developing countries.

True, the Government claims it is against emissions trading, but this is one more step towards just that:

But the Turnbull government does have the Labor state governments in its sights by asking the department to look at the impact of state-based policies, including their own ambitious renewable energy targets , and whether this helps or hinders an “effective national approach”.

Mr Frydenberg said the aspirational state-based targets in Queensland (50 per cent by 2030), Victoria (40 per cent by 2025) and South Australia (50 per cent by 2025), would “skew markets” and push up prices.

Other areas to be looked at in the 2017 climate review are opportunities for reducing emissions on a sector-by-sector basis, but it is understood this does not include a move to an emissions trading scheme, even in the electricity sector.

UPDATE

This is even worse – a possible carbon tax for power stations:

CO2 TaxA carbon price for power companies is set to be considered as part of a climate change review, but the Government has ruled out a return to Labor’s carbon tax.

The Department of the Environment and Energy will undertake an internal review next year to examine the best ways to meet Australia’s climate commitments.

Environment Minister Josh Frydenberg said the review would consider an emissions intensity scheme for electricity generators, but said the Government would take a sector-by-sector approach.

“We reject an economy-wide approach,” he told the ABC.

“What this review has indicated is we will look at a sector-by-sector approach. The electricity sector is the one which produces the most emissions — around a third of Australia’s emissions come from that sector.

“We know that there’s been a large number of bodies that have recommended an emissions intensity scheme.”

Mr Frydenberg said there had been recommendations for a “baseline and credit scheme”, which could be similar to an emissions trading scheme where emissions are capped by the Government.

Andrew Bolt writes for the Herald Sun, Daily Telegraph, and The Advertiser and runs Australia’s most-read political blog. On week nights he hosts The Bolt Report on Sky News at 7pm and his Macquarie Radio show at 8pm with Steve Price.

Read more excellent articles from Andrew Bolt’s Blog . http://blogs.news.com.au/heraldsun/andrewbolt/

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