Welcome to Bill Shorten’s brave new world, the German experience.
Some 800,000 German homes have been disconnected from the grid – victims of what is euphemistically called “fuel poverty”. In response, Germans have picked up their axes and have headed to their forests in order to improve their sense of energy security – although foresters apparently take the view that this self-help measure is nothing more than blatant timber theft (see our post here).
German manufacturers – and other energy intensive industries – faced with escalating power bills are packing up and heading to the USA – where power prices are 1/3 of Germany’s (see our posts here and here and here). And the “green” dream of creating thousands of jobs in the wind industry has turned out to be just that: a dream (see our post here).
A handy piece by Don Aitkin (as usual).
An interesting reference to Ross Garnaut.
You say ‘Almost every reputable economist believes that a market mechanism like an emissions trading scheme is the best way to reduce carbon pollution.’ I shake my head again at that ignorant phrase, but how many of them have actually looked at the ‘challenge’ of global warming? Ross Garnaut didn’t, and said so. It was all too hard for him. Rubbish! None of it is very hard, for him, for you or for me. The basic science is accessible, but so many commentators refuse to look at it. They happily accept what they are told is the ‘settled science’.
That recalls the modelling that Garnaut used to plan our climate change strategy. With the Coalition in power, what about making the model public so we can see what sort of assumptions went into it?