Carbon Reality, Again - Australia's prime minister discovers how much an emissions trading policy...

Wall Street Journal ^ | MAY 12, 2009 | Staff Editorial

[neverdem]

Australia's prime minister discovers how much an emissions trading policy will cost.

It's turning out that the biggest problem with carbon taxes is political reality. Australian Prime Minister Kevin Rudd has just announced he will delay implementing his trademark cap-and-trade emissions trading proposal until at least 2011. Mr. Rudd's March proposal would have imposed total carbon permit costs (taxes) of 11.5 billion Australian dollars (US$8.5 billion) in the first two years, starting in 2010. This would have increased consumer prices by about 1.1% and shaved 0.1% off annual GDP growth until at least 2050, according to Australia's Treasury. Support has fallen among business groups and individuals who earlier professed enthusiasm for Aussie cap and trade. Green gains were negligible; Australia accounts for only 1.5% of global greenhouse gas emissions...

[Gay State Conservative]

Australia’s a big,big country.And it’s hot,too.A great need for gasoline and diesel as well as electricity.

[xcamel]

Carbon Scam Ping - (POGW)

[SaraJohnson]

The simplest boob on the planet knew the carbon trade scheme would cost Western nations a boat load of money. Where do these idiots live that they convince themselves even for a minute, that this is a good idea to do to their citizens.

It is like peer pressure among children who convince each other it is a good idea to break that window or steal that candy. When they meet with their globalist pals they are the globe's annoited. But when they come home to their nations, they are mere mortals responsible to their citizens. Which tells you what global government will be like...