Richard Denniss: why emissions trading won’t work
Richard uses coffee cups to elegantly demonstrate one of the fundamental flaws of the Carbon Pollution Reduction Scheme. Australia’s climate groups say ’scrap the CPRS’- back to the drawing board Wong and Rudd.
Duration : 0:4:28
[youtube klduvTBuUEw]
my pleasure,
im not …
my pleasure,
im not such a big fan of the CPRS either but just thought i’d fill you in.
thanks for your …
thanks for your comment,
PM
Interesting, but at …
Interesting, but at the same time Richard Denniss is also not telling the whole story.
when households pollute lower then their cap and decide to sell the excess (thats if they decide to in the first place).. the government will slowly purchase these permits in the exchange market and NOT re-sell them.. which means businesses and polluters will NOT have access to or the ability to increase their carbon emissions.thus, lowering emissions over time.
it’s a great …
it’s a great starting debate, clearly winnable. But if the government decide to allow unused permits to be resigned, we still have an emissions trading scheme that rewards polluters, is based on dollars, so will burden poorer global economies as the system becomes integrated globally, will pass the costs on to consumers as opposed to the corporate polluters and creates another bloody derivatives market, we’ve seen how trading gets out of hand with the global financial crisis. I don’t like it…
It’s so simple, …
It’s so simple, really.
Brilliant …
Brilliant explanation of the fatal flaw in the Rudd Government’s ETS, we have to stop this policy from becoming legislation!!