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way out in front of the world

July 7th 2008 02:18
: way out in front of the world
If I were to put this headline into the context of sport, technology, heck just about anything, being "way out in front of the world" would be a good thing, right?

Well apparently not when it comes to our Emissions Trading Scheme, apparently it is a bad thing to be way out in front, forget striving to be pioneers and innovators and letting the world see what Australia and Australians are made of. Lets spook the Australian people out of the emissions trading system because the mining company and stationery emitters lobby groups are making the loudest noises, why not? An emissions trading scheme is hard to put together, so lets not try. Brendan Nelson, are you serious? Since when did Australian's shy away from something because it was hard?

Yes the emissions trading scheme is going to be difficult to set up, yes there will be risks, that's exactly why we need this to be a bi-partisan issue so we can all work together to make it the best system possible and impose the least costs on individual Australians. If we do this properly it does not have to be a train smash, in fact being in front of the world could place us as leaders in innovation of future renewable technologies and transform us from an economy that digs its wealth out of the ground. And people, in time, this system could make, not cost us money. I will say this again, $20 per tonne of Carbon is only 6c a litre of petrol, we have absorbed worse, dont get blindsided.

And for the record, Australia is not in front of the world, Europe already has a functioning emissions trading scheme, 9 states in america are taking the power into their own hands and creating a scheme. If we fall asleep at the wheel because of your negative rhetoric we will wake up at the scene of a far worse disaster.

Let's be innovators and export the knowledge we gain from this fight that is supposedly too hard. Penny Wong and Kevin Rudd certainly get it and are the willing to do the work, all we need to do is continue to give them our support, not jelly-back because some lobbyist put naive juice in the opposition leaders cornflakes.

Here are the links to some background stories of this post and a snippet from Nelson in full flight.
Y“We (the Opposition) are very concerned that Mr Rudd is taking Australia way out in front of the rest of the world and in doing so places significant risk on the Australian economy ... for no environmental gain at all because the rest of the world, particularly the big emitters, will not yet be ready (to adopt a scheme),” Dr Nelson said.

Wong: Every cent for families, business
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July 04, 2008

THE Australian Government would commit every cent raised from an emissions trading scheme to help families and businesses adjust to paying a price for carbon, Climate Change Minister Penny Wong says.

Responding to the draft report on climate change delivered by Ross Garnaut today, Senator Wong said it was in Australia's national interest to take action sooner rather than later.

She said the Government would issue a green paper later this month which would detail the Government's response to the Garnaut report and provide an outline on the operation of an emissions trading scheme.

"But the Government has made a very clear commitment that every cent of revenue that we gain through the introduction of an emissions trading scheme will be invested to ensure we assist families, households and Australian businesses to adjust to the impact of a carbon price," Senator Wong said.

"We will ensure that there are measures in place to assist Australian households with the impact of a carbon price."

In his report Professor Garnaut said it would be hard for Australia to begin an emissions trading scheme by 2010 but delaying its start could be worse. He said transport fuels should be included and raised concerns with calls for the excise on petrol to be cut.

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cheers

Happy Monday

Louie

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Comments
8 Comments. [ Add A Comment ]

Comment by RubySoho

July 7th 2008 02:46
Keep at 'em Louie.

Comment by tlcorbin

July 7th 2008 03:01
Louie, emission trading simply may not be of any real value.

Comment by Louie

July 7th 2008 03:04

Comment by Louie

July 7th 2008 03:10
hiya Raven, the value the ETS adds is placing a price on polluting energies, this price makes more expensive clean energy more economically viable so we can invest in those Techs enough for them to get to grid price parity with expensive energy sources.... ultimately what you want is alrernative energies to be the same price so we can live the same lifestyles without polluting.

The point is, coal may only cost 5c per MWh BUT the indirect costs are far greater if you take the cost of the pollution into account, at the moment the people polluting are making huge profits but not cleaning up their mess, WE WILL HAVE TO, an ETS puts a value on this pollution and emitters have to pay... OTHERWISE it is US who have to pay more in the long run.....

Comment by tlcorbin

July 7th 2008 03:35
Louie, are you suggesting that these extra funds will be used to partially underwrite the cost of wind generators or solar panel farms, and perhaps other technologies in an effort to replace fossil fuel dependency? I hope that it works, but I have trouble believing that it will pan out in time to be a viable option unless your politicians are given a specific mandate to do so.

Hopefully, it'll work or at least initiates the process.

Hiya Ruby, good to see you.

Comment by Louie

July 7th 2008 03:53
yes Raven, via a system (not directly part of the AETS) renewable energy is compensated by receiving a certificate called an REC - renewable energy certificate - this can be sold in the market thereby compensating renewable energy producers.
In the European system these certificates are called offsets, offsets are the economic vehicle driving the current renewable energy development.

The idea of the AETS is that an energy producer that emits less carbon via renewable energy will come in under their emissions quota and therefore be able to sell the excess permits to someone who hasn't therefore subsidising the more expensive renewable energy they have produced. There are other ways of doing this via feed-in tariffs etc but the permit system can make a HUGE difference to investment in Renewable energy which s what we need for the price to come down.... Google has a website called RE<C, they explain it all very well.

In my view the REC;s do something crucial, they give the entrepreneurs a reason to play,... its like a plasma screen the more wind turbines or solar panels we make the cheaper they will get. The rich bought ridiculously expensive plasma's that ultimately brought the price down; so it will be in renewables but we need the free market to play a role....



Comment by Market Newbie

July 7th 2008 07:58
I know it is not exaclty a battle between good and evil, but what is it they say that the good should do for evil to win? Nothing.

Evil or not, to do nothing is not good enough for the recent victims of flooding everywhere.

Comment by Louie

July 7th 2008 22:31
Evil or not, to do nothing is not good enough for the recent victims of flooding everywhere

Yes mkt Newbie you are right, furthermore, watch these people squeel like pigs when something happens in their backyard, they will be the first to accuse the govts of not doing enough.

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