Australia dumps Carbon Trading Scheme

WUWT reader Chris M Writes in Tips and Notes to WUWT

Have you noticed that the Australian PM, Kevin Rudd has dumped his CTS until at least 2012. This was his key platform at the last election, when he described global warming as “the greatest moral imperative of our time”.

click for article

How the times have changed.

Anyway, his Minister for Climate Change, Penny Wong, is too busy cleaning up after his botched home insulation scheme to be able to devote any time to climate change.

I recommend Dennis Shanahan’s excellent comment in The Australian newspaper http://www.theaustralian.com.au/news/opinion/pm-delays-emissions-trading-scheme-as-inconvenient-political-truth/story-e6frg75f-1225858920473

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A scheme indeed. Well said Chris. Andrew Bolt has more: The greatest reversal of dud policies in our lifetime

Add this to the collapse of the Kerry-Leiberman-Graham bill in the U.S. Senate this week, and all of the sudden it’s been a really bad week for alarmists.

Of course anybody with half a brain can see that carbon trading is flatlining here in the USA.

Carbon is waaayy down from the high of over seven dollars a ton to ten cents a ton and has been at that level for months. The data is from the Gore-Pachauri sponsored Chicago Climate Exchange (CCX)

CCX CFI Vintage 2010 (Quoted in mt CO2)

Do I hear a nickel?

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Henry chance
April 27, 2010 8:36 am

These are dishonest people. They call the legislation climate legislation. They are no more than economic regulations. restrictions and blantant taxation.
I do not see them causing trees in the sahara.
Merkel and Germany are also in rapid retreat.

Sean Peake
April 27, 2010 8:40 am

I guess it will all trade out of Chicago courtesy of Goldman Sachs, Maurice Strong, and Al Gore with his Choo-choo medalist.

erik sloneker
April 27, 2010 8:47 am

Now is the time to apply pressure to the US congress. Write your congressperson today and demand that they pay attention to your concerns.

Don Penim
April 27, 2010 8:51 am

Germany as well.
From Der Spiegel International – April 26, 2010
“Copenhagen Fallout”
Merkel Abandons Aim of Binding Climate Agreement
Frustrated by the climate change conference in December, German Chancellor Angela Merkel is quietly moving away from her goal of a binding agreement on limiting climate change to 2 degrees Celsius. She has also sent out signals at the EU level that she no longer supports the idea of Europe going it alone.
http://www.spiegel.de/international/germany/0,1518,691194,00.html

Pops
April 27, 2010 8:52 am

You’ve had a makeover. I like it.

ozspeaksup
April 27, 2010 8:56 am

I will be having a great nights sleep at last!suspect KRudd knows he got it wrong, the massive public and political opposition, has him finally realising he backed the wrong issues, and above all he wants re election..only stalled it till 2012, remember.
however a job in the UN appears to be his goal, so I guess he isnt that? worried..
he should be.
Peter Garrets been shown to be incompetant at his assigned tasks, and P Wrong is being a pr and damage controller, as is the Multi deparmented replacement for Garrets dept,Greg Combe.
?how many hats can one man wear?
it,s all falling over, and I for one am very glad! by 2012 the Lies will be even more ridiculous, and obviously lies as to warming.and they will create another means to gain the money from the sheeple If? they can sucker enough again.
will Gore et al refund the carbon credits paid already for no good reason..I bet they don’t!

Craig Moore
April 27, 2010 8:56 am

Regarding Merkel and Germany see: http://www.spiegel.de/international/germany/0,1518,691194,00.html

…Merkel will no longer endeavor to contractually implement the 2-degree target — in other words, to reach a legally binding agreement with specific reductions in greenhouse gas emissions. She doesn’t want to be snubbed again because she has realized that important countries won’t lend their support the next time around either. This was confirmed two weeks ago at the nuclear summit in Washington by Chinese President Hu Jintao and Indian Prime Minister Manmohan Singh.
The Limits of Germany’s Influence
Germany now has to acknowledge the limits of its influence. The country’s climate policy was an attempt to play a leadership role on the grand stage. But the others didn’t follow suit. On paper they praise the objective, but they are not prepared to do more than make vague promises. The only way forward, it seems, is by taking side roads. But even there the Chinese and the Indians won’t simply trot along behind the Germans.
On the domestic front, this threatens to bring down the great symbol of Germany’s efforts to remodel society in line with a climate-friendly lifestyle and mode of production. If Merkel is no longer fighting on the international stage to achieve the 2-degree target, how does she intend to convince her fellow Germans that they have to change anything? A domestic temperature target would be absurd.

April 27, 2010 8:59 am

Anthony: Your site layout has changed in the last 2 hours! WATTS happened to the data on the left hand side? I feel lost; please reply ASAP. Regards, Bob.

Craig Moore
April 27, 2010 8:59 am

I’ll try posting again.
Regarding Merkel and Germany see: http://www.spiegel.de/international/germany/0,1518,691194,00.html

April 27, 2010 9:02 am

P.S. I meant RHS!!

Gary Pearse
April 27, 2010 9:05 am

I hope someone is feeding these developments to US congress/senate, plus all the retrograde developments on “climate change” since climategate.

R.S.Brown
April 27, 2010 9:08 am

Here’s another fun climate article from the same edition of
The Australian and the climate debate down under:
http://www.theaustralian.com.au/higher-education/sunshine-claim-clouded-by-dispute/story-e6frgcjx-1225859043744

Don B
April 27, 2010 9:11 am

AGW may be the greatest moral imperative, but re-election is an even greater imperative.

pat
April 27, 2010 9:19 am

There seem to be two things going on: political peril and some real skepticism about AGW, unvoiced, but creeping about.

John
April 27, 2010 9:24 am

Kevin Rudd is full of it, I couldn’t believe when he stood up election night and started to go on and on and on about how they won because of people wanting environmental changes when the truth was that people had had a gut full of the Liberal party (previous government) work choices policies designed to screw working people over as far as the employer wanted.
He didn’t give more than a foot notes worth of credit to winning due to work choices, I was utterly disgused at that point and things haven’t gotten any better since, besides the ETS you have Stephen Conroy on his little ego trip trying to “save the children” from themselves and filtering out every little thing he doesn’t like about everything, including some obscure denist’s website.

paullm
April 27, 2010 9:34 am

I just emailed this piece to my Sen. and HReps. along with:
PLM:
HA! Now I get it!!! Obama has seen the KGL bill failing, along with any CAP/FRAUD bill and is attempting to replace the failing CCX in Chicago with the NYC banking/deriviatives market by making it too difficult for NYC banking to transact these products instead of correcting SEC Porn/Ineffectiveness (increasing pay/standards)!!!!! Guess Watt? Not just the Carbon Exchanges are failing, AGW arguments have failed the KGL bill is failing, and hopefully the GOP will be able to remake the “Financial Reform” bill into something constructive and proper steps will be taken to improve the economy, while not adding $trillions more to the debt!!!!
Conspiracy theory? – never!

PaulH
April 27, 2010 9:49 am

Commentary from the National Post:
“Lawrence Solomon: Australia won’t cap and trade”
http://network.nationalpost.com/NP/blogs/fpcomment/archive/2010/04/27/lawrence-solomon-australia-won-t-cap-and-trade.aspx

James Sexton
April 27, 2010 9:49 am

I’m wondering who was left holding the bag? Someone made a fortune selling the credits.(Gore?) but someone had to end up with a bunch of them not worth ……..lol, well, not worth a dime. hahahahahaha
P.S. Anthony, a “home” button would be nice up top.

rbateman
April 27, 2010 9:53 am

I’m quite sure that there are smiling salespeople out there all too happy to sell you Carbong Trading Shares at IPO prices when they can buy them for a buck a truckload.
Anyone care to corner the market, now’s your chance.
The paper alone might generate enough heat to keep you warm when the power goes out.

April 27, 2010 9:54 am

The final dumping: Jumping into a grave.

henry chance
April 27, 2010 10:00 am

It appears the blog has been overheated and reached a tipping point. Kewl new software is in order.

morgo
April 27, 2010 10:04 am

krudd has made a goose of himself he though he was going to strut the world stage with AL Gore hand in hand .the only place he will strut is in his back yard with his side kick Penny Wong thay will make a good pair

Mari Warcwm
April 27, 2010 10:24 am

I like the new look.

wws
April 27, 2010 10:42 am

Kind of funny to watch Lindsey Graham stab his new friends in the back. I could have warned them that it’s kind of a habit with him.

Gary Hladik
April 27, 2010 10:59 am

This is a start, but the fight isn’t over; there’s too much money at stake. Watch for “stealth” implementation of carbon restrictions, e.g. through regulatory action or seemingly innocuous attachments to popular legislation. Government has innumerable ways to separate its citizens from their money and their freedom. The more power we give our government to “help” us, the more power we give it to [self-snip] us.

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