Monday, February 28, 2011

Carbon taxing

There are three opinion pieces about pricing carbon today which are of interest:

Henry Ergas runs the “traditional” arguments against acting unilaterally.  In The Australian (of course.)

Kenneth Davidson goes apocalyptic and believes the Australian scheme and targets are a pittance anyway, and arguments that people should get used to the fact that much, much more to reduce CO2 will be necessary:

A safe climate scenario requires that the present global warming of just under 1 degree not be exceeded. Globally, this requires the end of the fossil fuel industries.

According to David Spratt, co-author of Climate Code Red: the case for emergency action, ''This requires emergency action, and probably 10 per cent or more of world production will be required for a sustained period to build a new energy system and economy. This is huge but is about a third of the production countries such as Australia, the United States and Britain diverted to defence production during World War II.''

The latest scientific modelling of climate change suggests that if the globe warms by 4 degrees - the likely result if the commitments made at Copenhagen in 2009 are all that is done - the consequences would be far more serious than if the allies were defeated in WWII.

According to Professor Kevin Anderson, director of the Tyndall Centre for Climate Change in Britain, ''If you have got a population of 9 billion by 2050 and you hit 4, 5 or 6 degrees, you might have half a billion people surviving.''

Well, we all hope it's not as bad as that.

Phillip Coorey speculates (in a plausible way, I think) about the future politics of all this. 

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