What the carbon caps will cost

Based on the RBA’s estimate of the traded contract price, the income loss is equal to about 7¢ in every the dollar of projected income in 2011 and 2012 and about 3¢ in the dollar every year thereafter. But for what benefit?

The targets proposed by the Rudd government (cutting CO2 emissions by a quarter from the 2020 business-as-usual level), although modest compared to the crazy designs of the IPCC will be worthless gestures given that China, the world’s largest carbon emitter (and growing) has declined to limit carbon outputs more than is required by productivity improvments?

No Comments

Leave a Reply

Your email is never shared.Required fields are marked *