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! :-)