The carbon tax figures are in: Australians paid $14b to reduce global emissions by 0.004%!
We can finally assess (sort of) the carbon tax in Australia. It ran for two years from July 2012 – July 2014 and cost Australians nearly $14 billion. The National Greenhouse Gas Inventory Office released Australian emissions statistics for the June Quarter of 2014. The headlines hitting the press this week are saying we reduced our emissions by 1.4%. The Greens are excited, but neither the journalists or the Greens have looked at the numbers. Not only is this reduction pathetically small on a global scale, but it’s smaller than the “noise” in the adjustments. Like most official statistics the emissions data get adjusted year after year, and often by 1 – 2%. We won’t really know what our emissions were, or what the fall was, for years to come… (if ever). Spot the effect of the Australian carbon tax in the graph of emissions by sector below. It operated for the last two years. The falls in electricity emissions started long before the carbon tax (and probably have more to do with the global financial crisis, a government unfriendly to small business, and the wild subsidies offered for solar power). (Click to enlarge) Did Australian industry “reduce” their emissions […]Rating: 8.5/10 (4 votes cast)
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