My article in today’s The Australian addresses
1 Treasury hiding the fact that the carbon tax would need to be double its $34 per tonne assumption to meet the 2020 5% emission reduction target
2 The Environment minister is expressed satisfaction that the decline in electricity consumption means what even with the Liberals diluted tax the 2020 target is within reach
3 The reduction in electricity stems from a deindustrialization caused by the tax and regulation induced higher prices (and has no effect on global emissions)
4 The renewable program continues to add costs to electricity – about 40% to the wholesale price on current trends.
Tony Wood from the ALP’s taxpayer-funded think tank the Grattan Institute has a thoughtful piece in today’s AFR. It analyses the dilemmas caused by lower demand for conventionally wired electricity. Unfortunately it neglects to mention the lamentable contribution of the Grattan Institute’s promotion of carbon taxes and other restraints on the forced reduced demand for electricity.