I have a piece in the Australian today featuring a survey of how much people are prepared to pay to reduce CO2 emissions and how much they are currently paying. The answer is that only 30 per cent of people say they are prepared to spend over $500 a year to reduce emissions (saying and spending are, of course, different things.
The actual average annual costs in taxes from the carbon tax, the renewable energy requirement and the existing bevy of subsidy and grant measures to dozens of different green program’s, as of July, amount to $665 Per person. The Clean Energy Fund, planned at subsidising unviable green projects will, at $20 billion, mean a further $1000 per head. And these measures barely make a dent in the march to the 90 per cent emission reduction that the government is targeting.
Even so, with the first casualty among the “big polluters”,the Kurri Kurri smelter, the government panics and is looking for a fix. It clearly does not believe in the sort of deindustrialisation it says it wants to see. Ironically the smelter is in Climate Minister Combet’s electorate and he is blaming the NSW government for not giving a subsidy. He is also saying the carbon tax has only a trivial effect. Can you believe the ignorance and obfuscation of the leaders we have?
The IPA survey is here.