Tag Archives: carbon

Why shoot elephants?

It’s the most effective way to kill them. Any game-keeper will tell you that. Just as any economist will tell you that the most effective way to control obnoxious behaviour, like polluting the river, or just undesirable behaviour, like driving your car into the city, is to tax it. Are there alternatives to shooting? Yes, […]

De Lacy on the Carbon Tax

“Keith De Lacy, chairman of takeover target Macarthur Coal, said yesterday the absence of a viable alternative to coal to fuel Asia’s economic growth would maintain high prices worldwide and protect miners against the latest “attack” by the Labor government on the industry.” Extract from The Australian Read the rest of the interview. De Lacy, […]

Tax cuts the price of MacArthur Coal

The Prime Minister is saying that today’s Peabody bid for Macarthur Coal demonstrates that the Gillard/Brown “coal tax” has not hurt the prospects of the Australian coal industry. But today’s Financial TImes reveals that the Labor government’s taxes are having an impact on the value of Australian resource assets. Peabody has cut its offer price […]

Flying bind

Qantas—the airline that will soon call Singapore home (?)—says consumers will foot the entire bill for the un-compensated tax on aviation fuel. The airline has a better chance to offset the other threat it faces from a European airlines tax. The European emissions permit market is today offering a tonne of carbon at a little […]

The “clean energy” hustle

Some aspects of the Prime Minister’s advocacy for her coal tax are, at best, misleading: a wedge for the much greater costs implied by the Labor/Greens agenda. She says: “Putting a price on carbon will drive innovation and investment in clean energy technology, moving production towards less pollution-intensive processes.” But that is far from the […]

Prices to grow 20 percent faster

Among the slogans that the Labor/Greens alliance will pound out over the next few weeks is that their coal tax is “low cost.” They don’t seem to understand the meaning of the CPI increase revealed by their own models. But worse, as far as I can see they don’t understand even basic household budgeting. The […]

When is “reform” not a reform?

No doubt Ms Gillard will assure us, next Sunday when she announces the coal tax she has agreed with the Greens and two “independents”, that this is a “reform” that will secure a better economic future for Australia. But a “reform” is no reform when… It is not adapted to its purpose: The Gillard-Brown coal […]