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All Scientists are Sceptics ~Professor Bob Carter
Perhaps the most frustrating aspect of the science of climate change is the lack of any real substance in attempts to justify the hypothesis ~Professor Stewart Franks

A lie told often enough becomes the truth.
-- Vladimir Ilyich Lenin - See more at: http://thepeoplescube.com/lenin/lenin-s-own-20-monster-quotes-t185.html#sthash.aTrSI3tG.dpuf
A lie told often enough becomes the truth.
-- Vladimir Ilyich Lenin - See more at: http://thepeoplescube.com/lenin/lenin-s-own-20-monster-quotes-t185.html#sthash.aTrSI3tG.dpuf
A lie told often enough becomes the truth.
-- Vladimir Ilyich Lenin - See more at: http://thepeoplescube.com/lenin/lenin-s-own-20-monster-quotes-t185.html#sthash.aTrSI3tG.dpuf

Saturday, February 9, 2013

Down, Down, Prices are down!...carbon prices!

Down! Down! Prices are Down!
Australia's incentive killing, business exporting tax on vital-to-life carbon dioxide is set at $23/tonne and rising.

Australia's Climate Change and Energy Efficiency Minister Greg Combet has said that our tax on essential to all life on the planet carbon dioxide starts at $23/tonne and rises incrementally until July 2015 when Australia's fixed carbon price ends.  (link)


After 1st July 2015 Australia then reverts to the European Union Trading Price.

Mr Combet was introducing into parliament a suite of seven bills to establish a link between the Australian and European emissions trading schemes from July 2015 when Australia's fixed carbon price ends.
It also removes a carbon floor price so Australia can move to "a fully flexible emissions trading scheme where the Australian carbon price reflects the price in the largest carbon market in the world". (link)
So where is the "largest carbon (dioxide) market in the world" today?
Prices in the EU's Emissions Trading System (ETS) on Thursday (24 January) dropped to €2.81 a metric tonne after a vote in the European Parliament's energy and industry committee opposing a scheme known as "backloading" - or supporting prices by extracting allowances from the market and reinjecting them later.  (link)
So €2.81 is about $3.84 Australian.  But what did Climate Change and Energy Efficiency Minister Greg Combet say about linking to the EU market prices?
It also removes a carbon floor price so Australia can move to "a fully flexible emissions trading scheme where the Australian carbon price reflects the price in the largest carbon market in the world".

Mr Combet said this would mean the domestic carbon price reflected the price of Australia's second largest trading bloc and be the same as in at least 30 other countries, including Britain, France and Germany.
WOW!  Perhaps, instead,  Climate Change and Energy Efficiency Minister Greg Combet should have linked to our neighbouring NZ Carbon (dioxide) Market. He might have had better luck.

NZ carbon steady at record low below NZ$2.50

BEIJING, Feb 7 (Reuters Point Carbon) - Spot permits in New Zealand’s Emissions Trading Scheme closed Thursday at NZ$2.45, unchanged from last week as a lack of demand kept prices at record low levels.
Using the conversion rate of AUD/NZD = 0.81012NZ$2.45 = AUD1.98.




1 comment:

  1. Get with it, Geoff, some Kiwi businesses find 14 cents too much.
    http://www.stuff.co.nz/business/8252659/Carbon-credit-price-meltdown

    ReplyDelete





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