Not exact matches
Australia's
carbon tax plan is flawed not because it ignores exports, it
relies on dodgy offsets, makes promises that can not be met or incorrectly suggests that
pricing incentives will make a meaningful difference (though all of these things are the case).
And the report, in a big shift from 20th - century strategies, puts little emphasis
on lofty but unrealistic approaches
relying on global governance or
carbon pricing as the means to transform the world's energy menu.
Companies that
rely on producing biofuels and / or synthetic hydrocarbon fuels as a pathway to
carbon removal will face increasing economic challenges with low oil
prices.
Having said that, it's generally expected to pass — the Labor Party, The Greens, and several independents have said they'll support it, and the opposition (generally opposed to anything climate - related) don't have the numbers to block it, although they've promised to repeal it if elected in 2013 (although the total package has been cleverly built, so to repeal it, they'll have to promise to raise taxes
on the low & middle income brackets, cut aged & disability pensions, and
rely on the «goodwill» of large corporations to lower
prices for electricity & other
carbon - intensive goods).
S&P says future
carbon constraints need to be factored into credit assessments for the oil sector — along with uncertain future oil
prices and rising operational costs — and financial models that
rely on past financial performance are no longer adequate.
If we
rely on a progressively increasing
carbon price to get to the point where sufficient resources are directed to getting us a viable alternative, we'll be waiting a long time before we start.
Instruments such as
carbon taxes that are designed to increase the cost of burning fossil fuels
rely on decision makers to develop expectations about future trajectories of fuel
prices and other economic conditions.
The EU can not
rely on a market - based approach: volatile and unpredictable
carbon prices will not ensure a transition to a safe, sustainable and affordable energy system.
Can we, should we, really
rely on «taxes plus praying the innovative power of the market takes those
price signals and makes us a
carbon - free infrastructure?»
Let's face it: nothing but drastically higher
prices will deter most of us from consuming more
carbon - based energy... Of course, it would be nice not to have to
rely on cartels and circumstances to make us moderate our consumption.