Wednesday, October 29, 2008

ETS Delay is Logical

Our more young people realise the folly of embracing an ETS scheme as early as 2010, Shadow Minister for Innovation, Industry, Science and Research Senator Eric Abetz is urging for a delayed start to the proposed scheme:

At a time when businesses are struggling to stay afloat, when many have empty order books beyond Christmas, and many more are struggling to get the necessary
credit to survive, Labor’s blind push to implement the emissions trading scheme by 2010 is economic madness”, Senator Abetz said. “On top of this, last week we learned in Senate Estimates that the Treasury’s economic modelling, which will underpin this scheme (and which will be released by this Friday) – has not taken into account AT ALL the impact of the current financial crisis. “In its headlong rush to implement an emissions trading scheme in the face of the worst economic conditions for decades - bringing with it an ever decreasing possibility of meaningful global agreement – Labor will further tax Australian industry and jobs at a time when they can least afford it. “Worst of all, this tax on Australian industry will not make one iota of difference to global carbon dioxide levels. In fact, it might actually make the situation worse.“Despite having already spent some $10 million on advertising, it is clear community support is waning,” Senator Abetz said.

Via: The Australian Conservative

See also: Crises puts ETS on back burner

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