While a carbon tax would make sense as part of a worldwide effort to limit greenhouse gas emissions – which is clearly a global priority given the mounting evidence on climate change – it makes no sense as a unilateral policy enacted in the absence of similar action by the US and China. We are imposing significant costs on our economy for an immaterial reduction in the likelihood of dangerous climate change. Examples of these costs are noted in the Courier-Mail today:
THE carbon tax has begun hitting Queensland small businesses, including a Brisbane private school which faces a $70,000-a-year hike in its electricity bill.
Six weeks into the carbon tax regime, price hikes are starting to hit hip pockets as power bills drop into letterboxes.
Queensland Chamber of Commerce and Industry president David Goodwin said the “weird distortions” were becoming apparent.
“We are finding that ordinary supermarkets like the local IGA may be up for up to $15,000 on the carbon tax alone if they have to re-gas their giant refrigeration system,” Mr Goodwin said. “Somehow these guys are going to have find ways to cover these extra costs.”
The Anglican Church Grammar School (Churchie) faces a 30 per cent increase in electricity for the month of July, well above the 9 per cent increase predicted by the Federal Government.
My previous posts on climate change include: