If you believe this guy – that renewable energy will be more efficient than large-scale coal fired energy – then there is no need for any government to impose a price on carbon dioxide. Funny, he doesn’t seem to see if this way.
And adviser to the OECD – that mush of European left-wing statism – PLEEEASE.
Australia will fail to meet its 2050 GDP targets if it does not put a price on carbon and invest in renewable energy sources according to former principal adviser on Sustainable Development at the Organisation for Economic Co-operation and Development (OECD), Prof Michael Molitor.
Prof Molitor is in Sydney to deliver a public talk at the University of New South Wales, Decarbonising for Growth: Why everyone is wrong about the cost of addressing climate change.
“Everyone believes investing in carbon emissions at scale will mean giving up economic growth and jobs – this is completely incorrect,” Prof Molitor said.
“By walking away from carbon prices and renewable energy the Australian Federal Government is actually dismantling the only regulatory framework that is capable of driving our economy to strong growth in the future.”
Prof Molitor said inefficient large-scale and often carbon producing economic activities are likely to be the first casualties as the need for increased economic growth drives an emphasis on improving efficiency. Industries like internal combustion car manufacturing, large-scale beef production and, most notably, coal fired power production are all in the firing line.
“The inefficiency of centralised fossil fuel power production in combination with the improving efficiency of renewable energy technologies has led to the major European utilities losing 500 billion euros in their valuations in the past two years —and this will only continue,” Prof Molitor said.
“In many cases the total economic benefits of coal-fired electricity are lower than the total costs and that is without accounting for climate change.”
According to Prof Molitor, carbon emissions are humanity’s biggest waste product and the ultimate evidence of inefficiency.
He said we must reduce carbon emissions not because the waste causes major problems, like climate change, but because to vastly improve efficiency governments need to eliminate waste in the process.
And that is why a price on carbon is an important tool in improving the efficiency and future growth prospects for Australia.
“Our carbon tax is an extremely efficient means of raising government revenue, reducing carbon emissions and, most importantly, improving energy efficiency throughout the Australian economy’” Prof Molitor said.
“Becoming super energy efficient will be an absolute requirement for participating in, and reaping the rewards of, the coming revolution in energy resources.”
Just to be helpful:
Public lecture: Dearbonising for growth: Why everyone is wrong about the cost of addressing climate change.
Time: 6:15pm, Tuesday, April 29, 2014.
Location: Rex Vowels Theatre (F17), University of New South Wales, Kensington.