Wednesday, July 09, 2008

Garnaut, Climate Change, and The Greens

GREENS Leader Bob Brown has signalled he will use his party's new Senate muscle to force Kevin Rudd to toughen up any emissions trading scheme with even bigger cuts to greenhouse gas emissions. The Rudd Government's ambitious 2010 start date for an emissions trading scheme now faces a dangerous path in the Senate, with the Greens pushing for even deeper cuts as a condition of approval … more >>>

Ouch! Recall what I wrote in previous post:

“With some touting emission cuts of up to 30% below 1990 levels by 2020 and over 50% by 2050, coupled with the greens now assuming the balance of power in the Senate, what eventual price for a tone of Carbon, $200?”

"The Greens' approach to climate change is straightforward … Australia's emissions have to be 30% below 1990 levels by 2020 and 80% below by 2050.”

Eighty percent! What future price per tone of Carbon now, $260.00?

It’s happening folks!

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