ETS 'Pan-handling' 101 - Business Council of Australia

On 21 August 2008 the Business Council of Australia released its 'independent' report on the impacts of the emissions trading scheme.

The report opens with, "The Business Council of Australia fully supports the governments plans to introduce the Carbon Pollution Reduction Scheme."

BUT, low start up targets, with a 'play only' system until the rest of the world joins in, compo for all big emitters, set/regulate the price to minimise the potential shocks to electricity generators, oh and some compo for them too to offset their falling asset values. No compo for the renewable energy industry they would wreck by dropping the 20% RE target though.....

Read the paper here: Modelling Success: Designing an ETS that Works (paper)

Jumping to the defence of TEEIs? or saving us from carbon leakage?

“We agree with the government that you must assist emissions-intensive, trade-exposed (EITE) businesses to avoid carbon leakage. The question is how to do that in a way which reduces global emissions without damaging the Australian economy."

“Our research provides the first hard data on what will happen to real companies in Australia unless some modifications are made to the current proposals.”

This is of course because they are completely incapable of doing anything about their emissions....

Are energy intensive industries really going up stumps and go play in one of those 'sovereign risk' zones? I've had some interesting nights in downtown Gladstone, but I haven't been shot at or macheted to death in my sleep just yet. Let alone the risks of setting up a pot smelter in an area where electricity supply is at the whim of earthquake, tidal wave, volcanoes and radical islamo-facisists.

Beside you'll be aw-right guys, if those innovators in the car manufacturing sector can get $2 billion to get all green & efficient, you should be able to squeeze your share out of the government.