Still think a carbon dioxide tax is a good idea for Australia, Julia?

It’s crushing her popularity, but still she marches on over the electoral cliff. And as if the evidence in Australia wasn’t clear enough, there are other further-developed examples Australia has the luxury of examining.

Sagging carbon prices lost nearly 14% of their value yesterday (2 April) as recession and a warm winter sparked a predicted 2.6% drop in carbon emissions from the 10,000 installations covered by the EU’s Emissions Trading System (ETS) last year. The already-depressed carbon price dived from €7 to a record low of €6.14 by early afternoon

€6.14 works out at just under $7.90 Australian, and yet despite unprecedented election wipeouts in multiple states, Gillard still thinks Australia’s going to cop $23.

All I can say is, KEEP GOING JULIA! 🙂

    • mabba
    • April 3rd, 2012

    That’s all just the appetiser to Goose’s budget. It’s going to be a shocker. And we’re going to have to last till late 2013. Right on cue, FWA has referred Thomson to DPP- that’s just a stalling tactic, as he can’t lose his seat until AFTER he’s been charged, tried AND convicted for 12mths+, & still FWA haven’t released the report. Kathy Jackson very strong on 7.30 report tonight- Chris U trying to put words into her mouth- guess he has to follow producer’s policy.

      • Sean of Deer Park
      • April 3rd, 2012

      Thanks for that, Mabba. I was at a meeting tonight and missed it. I will pop over to their ABC and watch it now.

    • philjourdan
    • April 3rd, 2012

    The irony of the Carbon tax is that once a government taxes a thing, it must support it, because it relies on the money it generates.

    Everyone agrees that smoking is bad for you. Yet with incontrovertible proof of its dangers (and many things have been banned for being much less dangerous, or not dangerous at all – cyclamates), the government refuses to ban it. Why? It generates billions in tax revenue.

    What Julia is finding out is her way is to PROMOTE pollution. When pollution does not meet expectations, they must find ways to increase it. Just to maintain their source of revenue.

      • Sean of Deer Park
      • April 3rd, 2012

      “When pollution does not meet expectations, they must find ways to increase it [tax]. ”

      That is the beauty of their dastardly plan. They are going to tax CO2. It is naturally occurring and will never go away. Hence, the tax will be ongoing and forever.

      Looking into my crystal ball, I see massive changes to Australian law and huge expense at the High Court, all on the taxpayers (naturally), to make this all go away after the 1st July. The ALP will be finished as a political party, but most of their people are in the legal profession, union hacks running Superfunds or Warmy crusaders; who will all make an absolute killing out of all this in the time before a repeal is enacted. Which means they don’t care and are laughing all the way to the bank, no matter what.

      The best outcome will be the Bill is found unconstitutional, which would effectively make it null and void, along with all the contracts the ALP has been busily drawing up in an attempt to enshrine this burden on us until end of days.

      Alternatively, Abbott could simply decrease the value of the Carbon Credits from $23tn to $0tn and fuck them all up! Rendering the permits not worth the Carbon they are printed on. 😆

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