What is the emissions trading scheme?
Posted on December 4th, 2009 by admin
I know it has been denied, but can someone explain it to me?
The Emissions Trading Scheme is basically about setting a price for carbon dioxide emissions large companies purchase "carbon credits" allowing them to pollute up to a certain amount. Heavy polluters are still able to buy additional carbon credits and charge consumers (us) extra so they continue to increase their profit. The idea behind it is: If we make everything (food/groceries, fuel, electricity etc) so expensive then people will use less of it. But the flip side to that is that if people are spending more on basic living expenses, then they will never afford to "go green" and electricity companies will have no incentive to go green either!
In my personal opinion, it’s a tax… nothing more, it’s not going to change anything or make the environment any better. It will just send more Australians broke or bankrupt when they can no longer afford a car, fridge, food, fuel, tv and internet and air conditioning and education. Furthermore, many manufacturing, mining and emission intensive companies will just close here (increasing unemployment) and move to China - where it’s expected they definitely wont ever pass an ETS.
I’d be interested to see what Climate Change policy Tony Abbott and the Liberal party come up with now.
December 4th, 2009 at 1:11 pm
It’s to tax those giving off CO2. The company’s that give off CO2 have to purchase "Carbon" Credits. Which is useless. It doesn’t make sense to "sell" credits to pollute when the legislation’s goal is to curb CO2 emissions.
The entire goal of this Cap and Trade nonsense isn’t targeting it’s goal. It’s just to tax the hell out of companys. They will move to China since China doesn’t deal with it.
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December 4th, 2009 at 1:49 pm
Interesting point of view here on ETS http://2gb.com.au/index2.php?option=com_newsmanager&task=view&id=4998
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December 4th, 2009 at 2:20 pm
It is tax on everything dressed up as an environmental measure to sell it to the voting public
Think of it like a user pay system to pollute.
Take for example electricity they charge you more money for it hoping you will use less hence reducing pollution.
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December 4th, 2009 at 3:03 pm
it is a legislation that will make the companies accountable for using CO2 by taxing them for using it. there are companies that seem to agree with the idea but with the density of the liberals who have denied time and time again will not let it happen.
basically what it means is that they want companies to rely less on CO2 usage and try alternative energy sorces like solar, wind and hydroelectricity. other nations have passed the bill but Australia remains one of the few nations to have not passed it but the Labour Government will try again in the early stages of next year and if it passes the major companies will have to pay a tax on how much CO2 they use.
it has been much talked about for the last year and a bit
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December 4th, 2009 at 3:25 pm
The Emissions Trading Scheme is basically about setting a price for carbon dioxide emissions large companies purchase "carbon credits" allowing them to pollute up to a certain amount. Heavy polluters are still able to buy additional carbon credits and charge consumers (us) extra so they continue to increase their profit. The idea behind it is: If we make everything (food/groceries, fuel, electricity etc) so expensive then people will use less of it. But the flip side to that is that if people are spending more on basic living expenses, then they will never afford to "go green" and electricity companies will have no incentive to go green either!
In my personal opinion, it’s a tax… nothing more, it’s not going to change anything or make the environment any better. It will just send more Australians broke or bankrupt when they can no longer afford a car, fridge, food, fuel, tv and internet and air conditioning and education. Furthermore, many manufacturing, mining and emission intensive companies will just close here (increasing unemployment) and move to China - where it’s expected they definitely wont ever pass an ETS.
I’d be interested to see what Climate Change policy Tony Abbott and the Liberal party come up with now.
References :