Unrealistic proposals
Climate change policy: it seems the stronger the feelings, the higher the targets demanded but the more unrealistic the proposals.Environment - Martin Nicholson - posted 27/8/2009
Why emission trading schemes are not the answer: a left critique
Using market forces or the profit motive to reduce carbon emissions won't work.Environment - Ken McKay - posted 27/8/2009
Showing posts with label Emissions Trading Scheme. Show all posts
Showing posts with label Emissions Trading Scheme. Show all posts
Thursday, August 27, 2009
Tuesday, April 14, 2009
US discussion draft on climate and energy policy
America's second drive to address climate protection
The US House of Representatives has presented a discussion draft on climate and energy policy. A decision is to be reached by year-end. The core of the new climate policy in the US will be the introduction of an emissions trading system. Greenhouse gas emissions are to be reduced by more than 80% by the middle of the century. Furthermore, the proposed legislation provides for greater incentives for renewable energies and low-carbon technologies than at present. Congress and the president will still have to resolve several allocation conflicts though to help ensure a successful launch...
The US House of Representatives has presented a discussion draft on climate and energy policy. A decision is to be reached by year-end. The core of the new climate policy in the US will be the introduction of an emissions trading system. Greenhouse gas emissions are to be reduced by more than 80% by the middle of the century. Furthermore, the proposed legislation provides for greater incentives for renewable energies and low-carbon technologies than at present. Congress and the president will still have to resolve several allocation conflicts though to help ensure a successful launch...
Wednesday, March 18, 2009
Assistance packages to help prevent ETS job loss -PM
18/03/2009 - The federal government says it has sufficient assistance measures in place to help regional areas of Australia take up its proposed emissions trading scheme.
Who is really fiddling while the climate burns?
Ross Gittins sprayed most economists on climate change policy last weekend ("Economists fiddle while climate burns", the Sydney Morning Herald, and The Age).
Unsubstantiated assertions about motivations behind (unnamed) economists favouring a carbon tax over the emissions trading scheme (ETS) embodied in Australia’s Carbon Pollution Reduction Scheme (CPRS) dominated his piece. I can’t read other economists’ minds, but I can speak about my own motivation, and my reasons for opposing ETS in general and the CPRS in particular.
Gittins (correctly) notes a carbon tax or an ETS can deliver the same emissions reduction and price of carbon. One does so by putting a price on carbon (and forcing a reduction in emissions). The other does it by limiting the supply of permits to emit, raising the price for (scarce) permits. In principle, either approach could work.
Unsubstantiated assertions about motivations behind (unnamed) economists favouring a carbon tax over the emissions trading scheme (ETS) embodied in Australia’s Carbon Pollution Reduction Scheme (CPRS) dominated his piece. I can’t read other economists’ minds, but I can speak about my own motivation, and my reasons for opposing ETS in general and the CPRS in particular.
Gittins (correctly) notes a carbon tax or an ETS can deliver the same emissions reduction and price of carbon. One does so by putting a price on carbon (and forcing a reduction in emissions). The other does it by limiting the supply of permits to emit, raising the price for (scarce) permits. In principle, either approach could work.
Thursday, March 5, 2009
An idea whose time never came
The federal government’s emissions trading scheme is in trouble. RICHARD DENNISS looks at the alternative
IT IS OFTEN SAID that there is nothing more powerful than an idea whose time has come. But it seems that in the case of Minister Wong’s version of emissions trading, the Carbon Pollution Reduction Scheme, or CPRS, there is nothing less powerful than an idea whose time never actually came.
The flaws in the CPRS are becoming obvious, not just to the public but to the government itself. As the start date for the scheme approaches, the public and the parliamentarians are starting to look a little more closely at Minister Wong’s scheme and, as we saw with the debacle around the House of Representatives inquiry, they clearly don’t like what they are seeing...
IT IS OFTEN SAID that there is nothing more powerful than an idea whose time has come. But it seems that in the case of Minister Wong’s version of emissions trading, the Carbon Pollution Reduction Scheme, or CPRS, there is nothing less powerful than an idea whose time never actually came.
The flaws in the CPRS are becoming obvious, not just to the public but to the government itself. As the start date for the scheme approaches, the public and the parliamentarians are starting to look a little more closely at Minister Wong’s scheme and, as we saw with the debacle around the House of Representatives inquiry, they clearly don’t like what they are seeing...
Thursday, February 12, 2009
The business of climate change
The Australian Government's release of its Carbon Pollution Reduction Scheme: Australia's Low Pollution Future White Paper on 15 December 2008 provides much needed clarity on the rules that will govern an Australian emissions trading scheme from 2010.
Business has only 18 months to develop and implement your response to climate change regulation – one of the biggest economic reforms of the last 30 years. If your business is impacted, you will need a comprehensive strategy that identifies
Business has only 18 months to develop and implement your response to climate change regulation – one of the biggest economic reforms of the last 30 years. If your business is impacted, you will need a comprehensive strategy that identifies
Thursday, February 5, 2009
Making Life Easier for Emitters
It seems paradoxical, but the Rudd government’s emissions trading scheme will stop individuals and governments from acting to reduce emissions, writes Richard Denniss
Tuesday, February 3, 2009
More money is needed for ETS - Energy industry says
3/02/2009 - The federal government needs to put up more money to help the electric power industry make the transition to emissions trading, power generators say.
The federal government plans to provide $4 billion to heavy-emitting industries under its planned carbon pollution reduction scheme, due to begin by July 2010.
But the amount is not enough, a group representing coal, gas, diesel and bio-electricity generators has told a Senate inquiry hearing in Canberra.
The level of assistance must meet industry's expected asset value loss, the National Generators Forum said.
The federal government plans to provide $4 billion to heavy-emitting industries under its planned carbon pollution reduction scheme, due to begin by July 2010.
But the amount is not enough, a group representing coal, gas, diesel and bio-electricity generators has told a Senate inquiry hearing in Canberra.
The level of assistance must meet industry's expected asset value loss, the National Generators Forum said.
ETS another sub-prime?
At one stage I thought that an emissions trading scheme was probably the best way of moving away from a carbon economy, but the real world says it isn't.
Federal parliament today sits for the first time this year and one of the issues on the notice paper will be a bill aimed to establish an ETS - what the government calls a Carbon Pollution Reduction Scheme. They would be best advised to look at just what is happening to the EU's ETS.
Federal parliament today sits for the first time this year and one of the issues on the notice paper will be a bill aimed to establish an ETS - what the government calls a Carbon Pollution Reduction Scheme. They would be best advised to look at just what is happening to the EU's ETS.
Thursday, January 29, 2009
White paper and 2020 target range - the key tests
The Climate Institute
The announcement of the Federal Government's 2020 emission reduction target range and release of its Carbon Pollution Reduction Scheme (CPRS) White Paper, charts a course for Australia's efforts to cut greenhouse gas emissions over the coming decade. Posted 26-01-2009
The announcement of the Federal Government's 2020 emission reduction target range and release of its Carbon Pollution Reduction Scheme (CPRS) White Paper, charts a course for Australia's efforts to cut greenhouse gas emissions over the coming decade. Posted 26-01-2009
Friday, January 23, 2009
Emissions delay not economically responsible-minister
23/01/2009 - Delaying the introduction of emissions trading to prevent further job losses in the mining sector would be economically irresponsible, Climate Change Minister Penny Wong says.
The Nationals on Wednesday called on the federal government to reconsider the timing of emissions trading, saying the 2010 introduction would mean large employers had to pay yet another tax.
The Nationals on Wednesday called on the federal government to reconsider the timing of emissions trading, saying the 2010 introduction would mean large employers had to pay yet another tax.
Monday, January 5, 2009
Cement industry hit hard by emissions scheme:senator
18/12/2008 - The federal opposition says the cement industry will be hard-hit by the government's proposed emissions trading scheme.
Queensland Nationals senator Ron Boswell said a proposed $1 billion cement plant at Gladstone in central Queensland could be put at risk.
Senator Boswell said the emissions scheme could also cost the industry, which is vital to the construction of major projects, an extra $20 million a year.
Queensland Nationals senator Ron Boswell said a proposed $1 billion cement plant at Gladstone in central Queensland could be put at risk.
Senator Boswell said the emissions scheme could also cost the industry, which is vital to the construction of major projects, an extra $20 million a year.
Coal industry concerned about emissions trading deal
17/12/2008 - The coal industry is concerned it will not get enough financial assistance out of emissions trading.
Under the federal government's plan released on Monday, coal mining companies will get $750 million to adjust to the scheme.
There is also assistance worth $3.9 billion to coal-fired electricity generators.
Ralph Hillman, executive director of the Australian Coal Association, said on Tuesday the plan was "a step in the right direction" but the coal industry should get more assistance.
Under the federal government's plan released on Monday, coal mining companies will get $750 million to adjust to the scheme.
There is also assistance worth $3.9 billion to coal-fired electricity generators.
Ralph Hillman, executive director of the Australian Coal Association, said on Tuesday the plan was "a step in the right direction" but the coal industry should get more assistance.
Businesses are apprehensive on ETS due to downturn
16/12/2008 - Businesses will remain apprehensive about emissions trading while the global financial "firestorm" continues, Australia's largest business group says.
Australian Chamber of Commerce and Industry chief executive Peter Anderson says a compensation package worth more than $1 billion to help business and community groups adjust to emissions trading was "not a bad idea".
Australian Chamber of Commerce and Industry chief executive Peter Anderson says a compensation package worth more than $1 billion to help business and community groups adjust to emissions trading was "not a bad idea".
Monday, December 1, 2008
Fixing the floor in the ETS
Richard Denniss / The Australia Institute
The introduction of an Australian emissions trading scheme in 2010 makes it pointless for households to reduce their energy use according to this report. Posted 26-11-2008
The introduction of an Australian emissions trading scheme in 2010 makes it pointless for households to reduce their energy use according to this report. Posted 26-11-2008
Emissions trading scheme to be revealed within weeks
1/12/2008 - The Rudd government will reveal the final design of its emissions trading scheme, along with a medium term target range for reductions, within weeks.
Climate Change Minister Penny Wong says the Carbon Pollution Reduction Scheme (CPRS) white paper will be released on Monday, December 15
Climate Change Minister Penny Wong says the Carbon Pollution Reduction Scheme (CPRS) white paper will be released on Monday, December 15
Friday, November 21, 2008
Agriculture and emissions trading: The impossible dream?
Agriculture and emissions trading: The impossible dream?
Hugh Saddler and Helen King / The Australia Institute
This paper argues that the Rudd Government should abandon plans to include agriculture in its emissions trading scheme in 2015 and instead consider immediately implementing a carbon levy to reduce emissions from the farm sector. Posted 15-11-2008
Hugh Saddler and Helen King / The Australia Institute
This paper argues that the Rudd Government should abandon plans to include agriculture in its emissions trading scheme in 2015 and instead consider immediately implementing a carbon levy to reduce emissions from the farm sector. Posted 15-11-2008
Emissions trading will hit LNG projects -industry warns
20/11/2008 - Emissions trading will sink about a third of new LNG projects, an industry lobby group warns.
The Australian Petroleum Production and Exploration Association says its modelling shows that of 16 projects in the pipeline, between 28 and 37 per cent will not go ahead under emissions trading.
The Australian Petroleum Production and Exploration Association says its modelling shows that of 16 projects in the pipeline, between 28 and 37 per cent will not go ahead under emissions trading.
Wednesday, November 5, 2008
Swan dismisses "crystal ball" advice on carbon scheme
5/11/2008 - Federal Treasurer Wayne Swan has dismissed the advice of a leading climate change economist to delay its proposed emissions trading scheme (ETS) until international negotiations are completed.
Warwick McKibbin has urged the government to delay its planned 2010 start to an ETS by at least a year.
The opposition on Tuesday backed Professor McKibbin, who is also a Reserve Bank board member, saying the government should await the outcome of a United Nations meeting on climate change in Copenhagen in November 2009.
Warwick McKibbin has urged the government to delay its planned 2010 start to an ETS by at least a year.
The opposition on Tuesday backed Professor McKibbin, who is also a Reserve Bank board member, saying the government should await the outcome of a United Nations meeting on climate change in Copenhagen in November 2009.
Thursday, October 30, 2008
Economy,jobs okay under emissions trading,govt says
30/10/2008 - Fresh economic modelling to be released on Thursday shows emissions trading will not hurt industry or the economy, the government says.
The long-awaited Treasury data, one of the biggest economic modelling exercises ever done in Australia, focuses on what it will cost to tackle climate change.
The long-awaited Treasury data, one of the biggest economic modelling exercises ever done in Australia, focuses on what it will cost to tackle climate change.
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