Aussie Carbon Pricing is Back

Aussie Environment Minister Greg Hunt, author Commonwealth of Australia, source Wikimedia

Aussie Environment Minister Greg Hunt, author Commonwealth of Australia, source Wikimedia

Guest essay by Eric Worrall

Remember back when Australian voters thought they were electing a government which was committed to abolishing carbon taxes? The following are the words of Australia’s Environment Minister Greg Hunt, who under former Prime Minister Tony Abbott vigorously opposed carbon pricing;

Environment Minister Greg Hunt says he will likely allow the purchase of international carbon credits despite backbench anger over the weekend’s Paris climate agreement.

We have to set in place a mechanism to allow us [reach new targets], in particular to look at the question of international units and I expect we probably will take on board international units and that will give us the flexibility as we head into 2020 to re-pledge if needed,” Mr Hunt said.

The Australian Industry Group, which has been calling for Australia to allow the trade in permits, said the change was “critical”.

“Critically, the agreement affirms Australia’s right to purchase and include genuine emissions reductions in other countries towards Australia’s targets, a vital way of containing the cost of meeting our goals,” AiGroup chief executive Innes Willox​ said

Speculation that Australia would allow the use of international emissions reduction credits to meet local targets has been growing over the past year, and heightened when Foreign Minister Julie Bishop signed Australia up to a “Paris Ministerial Declaration on Carbon Markets” last week, which provided clearer rules around the trading of international carbon credits after 2020 when a Paris agreement would come into effect.

Read more: Australian Financial Review

So which is it Greg – were you opposed to carbon pricing, until your new boss Malcolm Turnbull told you to embrace carbon pricing? Or did your party lie to the Australian people about being opposed to carbon pricing, back when you were campaigning for our votes? Or is there an innocent explanation for this apparent backflip which I have overlooked?

Given the horrific Danish experience, in which Danes lost 2% of their GDP to carbon fraud, in my opinion, encouraging the purchase of international carbon credits is tantamount to an invitation to criminals to loot the Australian economy.

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76 thoughts on “Aussie Carbon Pricing is Back

  1. Which of course is why the Big international banks and investment house vampire squids like Goldman-Sachs embraces Climate Change. They, like indebted governments, need new sources of revenue to keep the bubble party going. Carbon taxes and carbon trading schemes offer a pathway to extracting wealth from the economic system, without actually creating any new widgets or productivity.
    In the US, its not just a socialist Democrat drive for carbon trading, but establishment Republicans like Jeb Bush also are supporting the Climate Change scam to benefit their banking-investment fund backers.

    • The U.S. is virtually a 1 Party system. Demoplicans and Republicrats are owned by “they who shall not be named” aka those who own the Investment Banks and all the Corptoplis’s that Sachs et. al. control voting majorities in, which is essentially all the Holding Corps that own all the Corporations.
      The “free market” has been free of real competition for a few generations now. It is owned by the 1% or the 1% or the 1% and they are the Progressive brain trust and church elders of the Church of Progressive Demoplican Liberalism. Their clergy are the politicians and bureaucrats that implement their policies. The Church elders set economic policies that transfers middle class discretionary spending into their Trust Funds and then direct the clergy to borrow money from the Cathedral of the Federal Reserve in order to run the country.
      “They who shall not be named” have expanded their Net Worth by indenturing the middle class to a debt payment of 18 trillion dollars with an estimated 72 trillion in unfunded liabilities, coming due in the next 20 years. Ergo they have decreed their newest Tenet the Law of Man Made Global Warming to transfer additional middle class funding in the form Government mandated fossil fuel indulgences to help cover the unavoidable liabilities all the while diverting additional funds to increase the Net Worth of their unspoken Trusts. These Carbon Indulgence Transfers (CIT’s) will finally “cast out” these middle class demons and render the glorious Church of Demoplican Liberalism the supreme Rulers of the Planet and all it’s peasant masses.

      • Who are “They who shall not be named”?
        Illuminati? Masons? Greys? Lizardmen from space? Sith lords? Why can’t you name them?

        • They are the descendants and very extended families of 20th century Old Money and Nouveau riche. They are hiding in blame sight.
          You did get a clear sighting of one, however, when Gates was summoned to Washington and admonished for not paying his membership dues into The club.

        • Valid point. but they have reached such a height and the spending so prolific and “cooked in” two hours after submitting a post your numbers come up short.

      • The U.S. is virtually a 1 Party system.
        Oh yeah? Do you have any idea what life would be like here if the dems were controlling the house and could beat cloture in the senate?
        We are a two-party system, and that means that no one will be totally happy with either party.
        “they who shall not be named”
        And, if you’re going where I suspect you may be going, you better damnwell not. Or your post will be GONE in a commie New York minute.

        • There is absolutely no way for me to make you see. It is on you to understand, not unlike those Hidden Image Stereograms.
          We have a lot of rich people in this country but there are very few families that control almost all the net worth in America. I am talking the wealth that controls the holding companies that control the corporations and buy and control the puppets you know as politicians. At the congressional level where the reach is small you will find a few honest people. As they rise in power they become corrupted. As Lord Acton once said: “Power tends to corrupt and absolute power tends to corrupt absolutely.”
          The 2 party system was not hardwired, by the constitution, into our political framework. it evolved, not unlike water seeks it own lever, money seeks politicians and politicians are the tools of the wealthy. Ask yourself why we don’t do runoff national elections in a 3 way race if one candidate doesn’t win more than 50% of the vote?
          Evan, some people are just incapable of viewing the hidden image in the stereograms and there is nothing I can do to help them aside from tracing the image on separate piece of paper while they insist that, that image, doesn’t appear with the stereogram. Maybe someday it will become clear to you.

    • No doubt new Prime Minister Malcolm Turnbull’s former employer, Goldman-Sachs, had some say in the decision. Silly voters should have known better than to try to eliminate billions of dollars of carbon credit business from one of the world’s largest brokerage firms.

    • Selling carbon offsets is the most fraudulent business ever. I was going to cut down a tree in my garden. Give me $50 and I won’t.

      • That’s exactly how the UNs corrupt and twisted ‘REDD program’ works.
        When the public finally learns that carbon credits and carbon pledges (like $2.5 billion pledged by Canada’s PM) are being used by Big Green to steal rain-forest lands from indigenous people, they aren’t going to be happy. Not happy at all.
        So far the MSM sweeps it under the rug, but its just a matter of time before this very ugly UN program blows up. Got my beer and popcorn ready for this one, should be entertaining.

      • Klem,
        Sorry, I have to respectfully disagree.
        The public won’t care until a way is found to make it into a reality show starring one of the Kardashians. In other words, snowball’s chance in he//.

  2. 1. purchase/steal a forest overseas from local people
    2. promise not to cut it down in return for carbon payments
    3. collect the money for 20 years until the forest matures.
    4. cut it down and sell the timber.
    This fraud is called REDD. It is a worldwide land grab from indigenous peoples financed by carbon credits to pay-off corrupt local officials to look the other way. The argument is that the indigenous people’s would simply cut down the forest for their slash and burn agriculture, so the forest needs to be protected to preserve the “carbon”. But in the end the forest will be cut down – once the maximum timber yield is reached. In the meanwhile the carbon payments will be used as a form of rent to make the whole project risk free, except to the local people massively displaced. The true climate refugees, thrown off their land by climate carpetbaggers.

    • FB,
      Interesting comment and makes me pause to consider an article I read in our local paper this morning (I’m in Virginia). Enviva is a company that is producing wood pellets from forests in North Carolina and supplying them for biofuels, mostly in the UK. I read a paper this morning that said that Enviva was going to provide something like $5 million in matching funds to buy and preserve forests in the southeast US (North Carolina, Virginia, etc.). I knew there had to be some other reason for it, but couldn’t figure it out. It appears that they are positioning themselves to not only benefit from the production of biomass, but to sell carbon credits with the protected forests (and if it also managed to limit any potential competition to Enviva by tying up forest resources, so much the better).

      • sell carbon credits with the protected forests
        ================
        collect a carbon fee to protect the trees for 50 years until they are ready to harvest. then cut the trees down. for 1 year you don’t collect a carbon credit. then start growing a new batch of trees and collect a carbon credit every year until they are again ready to harvest.

    • Richard:
      I wish I could supply an answer to your most pertinent question. But I have come to think the only event that will turn this AGW scam around is a complete and total national disaster. But perhaps I’m being optimistic — if all it took to change government policy were a national disaster, Robert Mugabe and Kim dynasty would have been tossed out years ago. Instead those disasters and their perpetrators have endured for decades.
      Still, we need to resist and slow the process down as much as possible, just so we’re not in the first batch of lemmings over the cliff.

  3. The same minister who quashed a planned enquiry into the bureau of meteorology that hoped to get some explanation on temperature adjustments…”no explanation required, the work is of the highest order”.
    No explanation is not an explanation.

  4. Just another thorny branch on the tree money grows on …( gotta have thorns to hold the money , right ?)

  5. Cap and trade seems to me a foolish scheme to accomplish what the pro global warming agitators want. It seems too open to manipulation, huge government bureaucracies and also stifles new businesses etc with no existing carbon credits. A straight revenue neutral carbon tax starting small and ramping up slowly over time seems a fairer solution. By revenue neutral I mean truly neutral and not like the province of Alberta did where they plan to spend the money (equal to 25% of the anticipated income tax take) on socialist priorities like public job creation and other pollution abatement…
    I continue to wonder which countries and how much each will have to pay as part of the 100Billion that supposedly goes to the under developed countries. It will also be very difficult to prevent half of that figure
    going into UN overhead and the other half going to graft…
    DaveW

    • It seems too open to manipulation
      … which is precisely why it is popular with those who impose it. The Ontario Liberal bunch of thieves government will soon be bring in cap-and-trade and their pals and cronies are rubbing their hands with glee.

      • It seems too open to manipulation
        … which is precisely why it is popular with those who impose it. The Ontario Liberal bunch of thieves government will soon be bring in cap-and-trade and their pals and cronies are rubbing their hands with glee.
        The Auditor General said that the people of Ontario had paid $37 billion too much for electricity over the past eight years. Where did that money go?

  6. The climate obsessed are creating a climate imperialism that is based on fraud deceit and suppression.
    The poor- in the West and the third world- will be the ones who have to pay for this sham.

    • Marcus.
      In the UK, we have George Galloway.
      Interesting chap – used to be an MP, and his Wikipedia page [accessed a few minutes ago] doesn’t look to be under his personal iron-fisted control.
      He was on the radio today.
      it is unclear – to me at least – whether he is a patriot, or, perhaps, believes evil of all who think thy strive to improve the UK and the World.
      A lifetime living with George Galloway, or the gallows.
      Hmmmmmmmmmmmmmmmmmmmmm.
      Auto contemplating mortality [and morality].

  7. I just don’t believe this. It is not possible to heat water through its surface.You can radiate energy through the surface but heat will not affect the surface. There is NO such thing as Anthropogenic global warming

  8. Ted Cruz is looking better and better on this issue. Whille I am much more libertarian than Cruz, direct attack on the rent-seekers seems to be the only viable choice if one cares about this issue. Compromise keeps the flow of “science” read propaganda flowing.

  9. …190 countries attended this Socialist Circus, but, 185 of them were there ONLY because they thought they were going to get a share of a trillion dollar hand out !…

    • Marcus
      Those not expecting ‘feedback’ in dollars:
      The USA
      The UK – we’ve true believers thronging the BBC [I heard a sceptic cut off on live national radio today].
      Possibly Germany . . . .
      I venture Japan, unconvinced.
      I make that four – all being well.
      Auto trying to count five (190-185)

  10. Good Grief!
    If Turnbull is going to implement Labor policies why vote for the Liberals (nominally the “çonservative” party in Australia) ? Why not vote for the real deal (Labor) ? At least in doing so you would get rid of Turnbull and teach the Liberals a lesson for ignoring the wishes of those who voted them into power.

    • Forrest
      Is that not exactly what ‘they’ want?
      I wish I could suggest some reasonable (ish) alternative.
      Various ‘fringe’ parties appear, then – usually disappear.
      Two obvious exceptions: France’s Le Pen Insurgency, and the Northern League in Italy.
      Also – perhaps,
      UKIP and the (localised) ‘Scot Nats’ in the UK.
      Catalonian nationalists seem to fall into that bucket, too.
      Perhaps others, too.
      Auto – insisting that I vote – and liking everyone to do so.

    • it’s a nice idea, Forrest, but even if you hand in a blank ballot you are still voting for someone (I believe it goes to the incumbent). And thanks to the preferential voting system your vote will usually end up with one of those two parties (or even worse, the Greens).
      Essentially these bastards can do what they like.

    • Well I have been let down by the Coalition. So next election to show my disgust, I will vote not for labor or the greens, but possibly first National or PUP who won’t get in and give my third preference to the Nationals.

  11. “in my opinion, encouraging the purchase of international carbon credits is tantamount to an invitation to criminals to loot the Australian economy.”
    Well of course it is!! And you get 3 guesses as to who is going to be at the head of the pack of looters, and the first two don’t count. (Obvious hint: those who go to the greatest lengths to make a thing possible are generally those who intend to most quickly profit from their new creation).

    • Yep. To get rich quick, tax the people and take a “little bite” of the cash flow. The Mexicans call it a “mordida.”

    • I call it a “wealth concentration” scheme – a way to concentrate wealth in your pocket. Forget about the poor schmucks that were supposed to benefit.

  12. Reblogged this on Climatism and commented:
    I have been a rusted-on Liberal Party voter my entire life, with family members holding various administrative positions within the party over many decades.
    Outside of family ties, my support for the Liberal party has always been based on its conservative policies and views.
    With the knifing of Tony Abbott, a true statesman and representative of those trusted conservative Liberal party values, by Malcolm Turnbull, a man whose ideals and views are best described as of the extreme left, the Liberal Party has now 100% lost my vote.
    It is by no means an exaggeration to comment that the Australian Labor Party (the Left-Wing opposition) is in my mind now a more conservative opposition to the Turnbull led Libs!
    As a condition of support for Turnbull toppling Abbott, he promised the conservative arm of the Lib/Nat coalition that he would not lurch to the left on climate.
    He lied. And he will pay dearly, just like every other leader or opposition leader who has swallowed the great global warming scare and force-fed economy destroying climate policies to the wised-up Australian public.

  13. Yes the fighting climate movement is tooth fair policies to combat the boogeyman CO2.
    But it is producing streams of money flowing in every direction with too many easily dipping their buckets for their cut of the action. The mere handling and delivery of the funds lines thew pockets of many.
    It could all be about building a freeway bridge to the moon or a land bridge across the Pacific.
    None of it has to be real if the notion alone gets the money flowing.
    Cruz is indeed emerging as the preferable candidate. He has the best BS detector.
    That’s what is needed. In every arena everywhere.

  14. Imagine if someone was explaining CO2 trading to Vito Corleone.
    How his eyes would twinkle and narrow.
    Which ‘captains’ in the Family would The Godfather assign to this ‘business’?

  15. Oh, please, please, please don’t do this. Please. I’ve talked numerous times about my sister. My older sister. My older sister who is a vampire that has the unique ability to be out and about in daylight. The only reason she has allowed me to live is because she needs a readily available object to torment. It’s not an enviable existence but at least I’m alive. But, if she discovers she can make money by claiming my expiration as a carbon credit she will do so. Always the money grubber she’ll suck the last drop of blood from my battered, decrepit body, and as my breathing stops, and thus my exhalation of CO2, she’ll extend her opened clawed hand out for the gold.
    Jeez, just dawned on me we’ve all got vampiric older sisters in our nations’ capitals.

  16. Sad day for Australia going backwards. The only people who gain from Carbon trading are the traders. As with Government subsidies for solar and Wind, (and Pink batts insulation) they always get abused and and the less well off has to pay. Australia should very poor judgement in offering up $800 million to the climate fund, taking it from existing aid programs. Where does morality and ethics lie in the Australia now and why will the ABC not do some real honest reporting of the Paris Climate fraud.

  17. Australia doesn’t need to “reach new targets.” Australia is a net CO2 sequestering country [1]. Funny that Australia’s Environment Minister wouldn’t know this.
    [1] doi:10.1260/0958-305X.26.3.457

    • Sorry I didn’t see your comment, before posting mine. As I say, the government should be shown the data, and then ask for reparation.

    • He didn’t need it. The party elects aleader and the lader becomes PM. No-one votes for a PM in Australia.

      • while thats strictly correct..we DO vote for the party whos leader IS the one espousing the values and the deals we choose..and the Aussie people chose TA.
        Because of his stance on the co2 scam and for some of us..that alone was enough.
        they probably wouldnt have got in with the totals they did, if at all, with turncoat in top job
        I am torn cos Labor /greens are even worse..and we cant get the Nationals IN as Leaders due to our stupid system.
        the one glimmer of hope is his falling polls now make HIM a candidate for the lady with the knife..

  18. But as OCO-2 data shows, Australia is a net sink.
    Australia simply does not have a problem, it sinks more CO2 that it emits.
    Australia is due reparations. Someone should tell the government.

  19. Enter a new splinter party with the balance of power in the senate.
    The ALP would endorse anything that even smelled of a carbon tax and pass it.
    However it may usher in a saner balance of power senators.
    Carbon credits may not be all that bad, though, in the real monetary world.
    They keep on falling in price till they look like Reichmarks during the Wiemar republic.
    Australia could fulfill all its ‘international obligations’ by buying them and not have to pay anything like the cost of closing down our efficient base load power.
    They could generate them by tilling the soil in Australia.

  20. The Danish experience of losing 2% of their GDP to carbon fraud, could be an example of getting off lightly, once any Carbon Dioxide Trading or International Carbon Dioxide Credit Scheme really gets rolling. The Merchant Bankers will be aiming at profits much greater than 2%. The COP21 agreement, whilst meaningless in some ways, is an open invitation to criminals to loot the World economy and Malcolm Turnbull will be in the lead wrecking the Australian economy to get his greedy merchant-banking hands on as much of the loot as he can.

  21. I think it time to make having cojones a good thing. This us what makes Mark Steyn a hero. He got sued so he countersued for 20+ million to ensure that M.Mann did not have an avenue to back out without incurring great expense. To back out, he would have to lose the countersuit. To have a chance to get rid of the countersuit he is now forced to surrender his data for discovery and try to win the original suit. No matter what M. Mann decides, he’s toast. I believe there is a 100% certainty that Mark is going to win over this gutless bully. He’s won before even with activist biased judges. When Mark wins this case and ruins M. Mann, professionally and financially, companies may see an alternative strategy to settlements forever. I would recommend Exxon and other deep pocket companies, get full support from their shareholders to go for it big time. Strip these destructive, spoiled middle-upperclass, pampered, ballless, unfulfilled, wastrels to their underwear. Shut down pipelines and electrical generating stations until they are begged with promises of good behavior to turn on the lights and heat.

  22. Malcolm Turnbull originally lost his leadership of the Liberal Party to Tony Abbott just before the Copenhagen conference when he backed Kevin Rudd’s emission trading scheme (scam). Kevin Rudd lost support after he failed to call an election when Abbott opposed it. After all the hyperbole that Rudd had spewed (think Obama on rhetoric steroids) it was clear by his lack of balls to allow a vote on it that Rudd didn’t have any conviction behind his words.

  23. I detect quite a bit of mumbling dissent going on in the world despite the euphoria coming out of the masses of the Paris Climate luv in. Notwithstanding Hollande’s emotional reaction to the terrorist massacres in the streets of Paris and his increased approval, France looks like swinging decisively to the right to either centre right Nicolas Sarkozy or even further to Marine le Pen’s National Front.
    Climate change does not even feature in the top issues that Sarkozy believes worry the French and Le Pen is known to be a sceptical on global warming alarmism.
    Croatia is the latest country recently swinging right following Italy, Portugal, the Netherlands, Denmark, Poland, Switzerland, Argentina and Venezuela. Sure immigration, the economy and other local issues are factors but CAGW, much more favoured by the Left, has not been able to stop this world wide swing.
    For whatever reason, Canada seems to be the exception. But I suspect there has been another outbreak of “Trudeaumania” in the glamour starved Canadians.
    That does not mean of course that Conservative governments only represent CAGW sceptics but one has to wonder after Paris, how much will be token rather than dramatic economy risking action.
    Regardless, I can never ever vote for the Liberal Party under Turnbull. To coin a phrase I did not leave the party – the party left me. Yes, this leaves me with the dilemma of who to vote for (Oh to be in the USA rooting for Senator Ted Cruz). At least in this internet world of free speech, if I can’t vote for any-one, I can still voice my opinion.

    • Work you way over here. Make your way to Maryland . They will let you vote, All you have to do is get your driver license first, they give those away like section 8 housing vouchers, and then step to a kiosk set up at the Motor Vehicle Administration to register to vote with your new license to steal. Only one problem, no matter who you pull the level for, the vote will Tally for the Democrat so you will only think you are voting for Ted Cruz.

  24. “international carbon credits” is just a way to transfer wealth from rich nations to poor nations. Same with REDD.

  25. The new Turnbull government has gone green, and the biggest mistake Abbott ever made was making this idiot – Greg Hunt – the Minister for the Environment and Climate Change.
    This is a guy who, after they won the Federal general election, would not answer a simple question if he believed carbon dioxide was pollution. All he simply needed to say was that if it were pollution, it would have been banned from soft drinks, beer and bubbly champagne. But he didn’t.
    Hunt always been a closet global warming alarmist … and now that Abbott has gone, Hunt has turned feral on environmental policy.

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