The Safeguard Mechanism Rule planted by Turnbull and Hunt to inflate power prices

My colleague at the Five Dock Climate Realists has reminded me about a little-appreciated development that was put in train in 2016 with bipartisan support to replace the Carbon Tax. One of Minister Hunt’s first task in the new Cabinet was to abort the investigation into the agencies that collect and distribute weather data, specifically the Bureau of Meteorology and the CSIRO.

The next was to enshrine in legislation a Safeguard Mechanism, effectively part of an Emissions Trading Scheme supporting the push for unreliable energy to save the planet under the Paris Accord. That was reported in The Australian but did not attract much attention.

The legislation that included the Coalition’s ETS was passed by the Senate — with the support of both the ALP and the Greens — on its last day of sitting in 2015, in December.

As it happens, that was the day before the Paris climate conference, called COP 21, got underway, at which an agreement to keep the global temperature increase to 2 degrees was signed by 189 countries, including Australia.

The emissions caps imposed on 150 companies are described by the government as a “safeguard mechanism” to support the Emissions Reduction Fund.

More investigation is required to be clear about the implications of this move but one suggestion is that it will put up the price of power without any reason that is visible to the punters.

This entry was posted in Global warming and climate change policy, Rafe, Uncategorized. Bookmark the permalink.

23 Responses to The Safeguard Mechanism Rule planted by Turnbull and Hunt to inflate power prices

  1. tombell

    with the support of both the ALP and the Greens —

    need any more be said?

  2. High time that we tackled our own “Deep State” instead of trying to “tackle” something that does not exist.

  3. Dr Fred Lenin

    Any legistlation that passes with the support of the gangrenes and both the shorten and turnbull branches of the alp gang has to be inspired by the soros/_u.n. Communist fascist gang in New York , and of course be anti freedom crap , the deep state fascists in the West must be destroyed before they bring the whole world to ruin . If the soros / u.n.communist fascists win they will clash with the fascist islamoterrorists and we all know who would win the fight ,can you imagine these soft cock leftist wankers fighting those Allah mad bastards .

  4. Whalehunt fun

    Excellent. I look forward to the poor starving and inner urban greenfilth smirking in their success. I look forward more to the mass murder of the grrenfilth by fire and acid. The uprising by the poor and abused will be an entertainment without parallel. Watching the Greens and GetUp and the ABC and SBS and fairfax and 7 all burning at the stake will be endlessly amusing.

  5. Interesting how all Labor PMs like to leave poison pills for their successors.

  6. Ellen of Tasmania

    an agreement to keep the global temperature increase to 2 degrees was signed by 189 countries, including Australia.

    All the little gods signed an agreement, hey? And now the weather is at their command.

    “The kings of the earth set themselves, and the rulers take counsel together, against the Lord, and against his anointed, saying, “Let us break their bands asunder, and cast away their cords from us.”

    He that sitteth in the heavens shall laugh: the Lord shall have them in derision.”

    (Ps.2:2-4)

  7. Roger

    And now SloMo is now on deck ordering full steam ahead while assuring passengers that an alteration to the course has been set.

    How many whacks with the electorate’s baseball bat will it take to knock some sense into them?

  8. Jo Smyth

    We now have proof that Turnbull thought he was God and only he could control the temperature and the weather.

  9. 2dogs

    Joanne Nova already blogged extensively on this here.

  10. PB

    “We now have proof that Turnbull thought he was God and only he could control the temperature and the weather.”

    He certainly got me boiling with rage at times, so I guess he could control temperature.

  11. Boambee John

    bemused
    #2821883, posted on September 22, 2018 at 12:49 pm
    Interesting how all Labor PMs like to leave poison pills for their successors.

    Rumour around Canberra was that the Keating government discussed signing lots of contracts before the “unlosable” 1993 election, to make things difficult for a Coalition government. Was said that the idea was rejected as highly inappropriate (or maybe because Keating felt he had the measure of Hewson).

  12. Odumbo

    Planted by Turnbull?

    Sorry, completely wrong.

    The safeguard mechanism was an initiative of Prime Minister Abbott.

  13. Art Vandelay

    The safeguard mechanism was an initiative of Prime Minister Abbott.

    Spot on. This policy was cooked up in a deal between Hunt and Abbott. Apparently Turnbull only found out about it when he became PM (and he was obviously delighted to hear about it).

  14. DaveR

    Reading the white paper written by Hunt in 2014, its hard to think there is a place for him at all in a more Liberal centrist Morrison government, especially with the urgent requirement of quickly getting rid of the poisonous Turnbull policies.

  15. P

    Some might like looking back to a thread in July 2014.

    Did Al Gore get played?

  16. Gerard

    How are companies meant to grow if there is an absolute limit on allowable emissions?

  17. Fat Tony

    Gerard
    #2822031, posted on September 22, 2018 at 6:52 pm
    How are companies meant to grow if there is an absolute limit on allowable emissions?

    They’re not meant to – this is all about the “de-industrialisation” of the West.

  18. Rafe Champion

    Thanks 2dogs and Odumbo. What was Tony Abbott thinking when he let Hunt run that line?

    Thank god the Sharks are out of the finals, ScoMo can go back to being a politician in case that helps.

  19. Herodotus

    Rafe could you elaborate on who did what? Greg Hunt is obviously involved, but who took it through the parliament? Turnbull?
    Abbott was PM while Paris junketteers were in session, but who ratified it at the worst possible time?
    Turnbull & Bishop?

  20. Rafe Champion

    I can’t elaborate, I can only guess that Abbott was stuck with Hunt as the minister. I think he and the Canadian PM would not have ratified the Paris plan, then I don’t know what would have happened but when Turnbull signed on there was no holding Hunt.

  21. cohenite

    Hunt is a nice guy. Some time ago I endeavoured to go through the faults of climate science with him. He was unfailingly polite but a brick wall. I know Malcolm Roberts did the same. He’s like a fucking pod and just as dangerous. More dangerous then turdball because turdball was an arsehole and people turned off on his pet projects. But hunt is nice and insidious because of it.

  22. Herodotus

    Hunt was a problem as far back as Howard.

  23. stackja

    Herodotus – Settled science since when? Many today fell for AGW scam early. Some still do.

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