I’m watching two politicians talking to David Speers on Sky News talking about Clive Palmer’s news conference that is expected in a few minutes time.
The ALP pollie keeps saying that the whole world is moving to pricing carbon using markets. He first said every planet has an ETS – but quickly corrected himself.
The only problem is that the whole world is not going to pricing carbon. Don’t take my word – here is the IEA:
… 15% of global CO2 emissions receive an incentive of $110 per tonne in the form of fossil-fuel subsidies while only 8% are subject to a carbon price.
Just 8% of CO2 emissions are subject to a carbon price.