The European Union has decided that CO2 emission reduction targets will no longer apply to individual EU countries but to Europe as a whole.
Why should Australia commit to reduce CO2 emissions by 25 per cent below 2000 levels by 2020 when France, Germany, the UK, Italy, Spain, Greece etc do not make such a commitment?
We should simply renounce the commitment on the basis that European countries have walked away from their commitments.
Or we should just state that we will join collectively with Europe to reduce the total emissions of Europe, Australia and the United States without any individual binding commitment applying to each country.
Separately Australia should change its approach with the carbon tax and renewable energy target which have (in conjunction with ‘gold plating’ of the electricity distribution network and other poor policies) led to Australia’s electricity and other energy prices becoming among the highest in the world. Less than 10 years ago we enjoyed energy prices that were among the lowest in the world – we have by government policies destroyed a competitive advantage. As I noted in an earlier blog, In Celebration of Energy:
Energy is one of the most important contributors to civilisation and high living standards. Without energy we would be nothing, existing as primitive savages facing the vicissitudes of life, in the natural state of man as Hobbes wrote in Leviathan.
The Abbott Government is already acting to terminate the carbon tax.
The easiest way to solve the RET problem is to declare that all forms of energy are renewable as is the fact. Coal, uranium, gas, petroleum are all renewable energy. Every moment that passes, new stores of uranium, coal, gas and petroleum are created. It is being renewed. We won’t be running out of these energy stores (arguably we are now past ‘peak car’ and petroleum use will decline over time).
That’s right, 100% of Australia’s energy is renewable.