Tuesday, December 6, 2011

Climategate (Part II) A sequel as ugly as the original.


The conventional wisdom about blockbuster movie sequels is that the second acts are seldom as good as the originals. The exceptions, like The Godfather: Part II or The Empire Strikes Back, succeed because they build a bigger backstory and add dimensions to the original characters. The sudden release last week of another 5,000 emails from the Climate Research Unit (CRU) of East Anglia University​—​ground zero of “Climategate I” in 2009​—​immediately raised the question of whether this would be one of those rare exceptions or Revenge of the Nerds II.

Before anyone had time to get very far into this vast archive, the climate campaigners were ready with their critical review: Nothing worth seeing here. Out of context! Cherry picking! “This is just trivia, it’s a diversion,” climate researcher Joel Smith told Politico. On the other side, Anthony Watts, proprietor of the invaluable WattsUpWithThat.com skeptic website, had the kind of memorable line fit for a movie poster. With a hat tip to the famous Seinfeld episode, Watts wrote: “They’re real, and they’re spectacular!” An extended review of this massive new cache will take months and could easily require a book-length treatment. But reading even a few dozen of the newly leaked emails makes clear that Watts and other longtime critics of the climate cabal are going to be vindicated.

Climategate I, the release of a few thousand emails and documents from the CRU in November 2009, revealed that the united-front clubbiness of the leading climate scientists was just a display for public consumption. The science of climate change was not “settled.” There was no consensus about the extent and causes of global warming; in their private emails, the scientists expressed serious doubts and disagreements on some major issues. In particular, the email exchanges showed that they were far from agreement about a key part of the global warming narrative​—​the famous “hockey stick” graph that purported to demonstrate that the last 30 years were the warmest of the last millennium and which made the “medieval warm period,” an especially problematic phenomenon for the climate campaign, simply go away. (See my “Scientists Behaving Badly,” The Weekly Standard, December 14, 2009.) Leading scientists in the inner circle expressed significant doubts and uncertainty about the hockey stick and several other global warming claims about which we are repeatedly told there exists an ironclad consensus among scientists. (Many of the new emails make this point even more powerfully.) On the merits, the 2009 emails showed that the case for certainty about climate change was grossly overstated.

More damning than the substantive disagreement was the attitude the CRU circle displayed toward dissenters, skeptics, and science journals that did not strictly adhere to the party line. Dissenting articles were blocked from publication or review by the Intergovernmental Panel on Climate Change (IPCC), requests for raw data were rebuffed, and Freedom of Information Act requests were stonewalled. National science panels were stacked, and qualified dissenters such as NASA prize-winner John Christy were tolerated as “token skeptics.” The CRU circle was in high dudgeon over the small handful of skeptics who insisted on looking over their shoulder, revealing the climate science community to be thin-skinned and in-secure about its enterprise​—​a sign that something is likely amiss. Even if there was no unequivocal “smoking gun” of fraud or wrongdoing, the glimpse deep inside the climate science community was devastating. As I wrote at the time (“In Denial,” March 15, 2010), Climategate did for the global warming controversy what the Pentagon Papers did for the Vietnam war 40 years ago: It changed the narrative decisively.

The new batch of emails, over 5,300 in all (compared with about 1,000 in the 2009 release), contains a number of fresh embarrassments and huge red flags for the same lovable bunch of insider scientists. It stars the same cast, starting with the Godfather of the CRU, Phil “hide the decline” Jones, and featuring Michael “hockey stick” Mann once again in his supporting role as the Fredo of climate science, blustering along despite the misgivings and doubts of many of his peers. Beyond the purely human element, the new cache offers ample confirmation of the rank politicization of climate science and rampant cronyism that ought to trouble even firm believers in catastrophic climate change.

In fact, the emails display candid glimpses of concern inside the CRU circle. Peter Thorne of NOAA (National Oceanographic and Atmospheric Administration), who earned his Ph.D. in climate science at East Anglia in 2001, wrote Phil Jones in a 2005 message, “I also think the science is being manipulated to put a political spin on it which for all our sakes might not be too clever in the long run.” An appeal to “context,” which the climate campaigners say is crucial to understanding why excerpts such as this one are unimportant, does quite the opposite, and only points to the problems the climate change campaigners have brought upon themselves by their tribalism.

This exchange between Thorne and Jones, along with numerous similar threads in the new cache, is concerned with what should and shouldn’t be included in a chapter of the IPCC’s 2007 fourth assessment report​—​a chapter for which Jones was the coordinating lead author along with another key Climategate figure, Kevin Trenberth. The complete chapter (if you’re keeping score at home, it’s Chapter 3 of Working Group I, “Observations: Surface and Atmospheric Climate Change”) lists 10 “lead authors” and 66 “contributing authors” in addition to Jones and Trenberth. One of Jones’s emails from 2004 displays how explicitly political the process of assembling the IPCC report is: “We have a very mixed bag of LAs [lead authors] in our chapter. Being the basic atmos obs. one, we’ve picked up number of people from developing countries so IPCC can claim good geographic representation. This has made our task harder as CLAs [contributing lead authors] as we are working with about 50% good people who can write reasonable assessments and 50% who probably can’t.”

The final chapter was amended along lines Thorne recommended, but several other objections and contrary observations (one in particular from Roger Pielke Jr. about extreme weather events that has been subsequently vindicated) were scornfully dismissed. And appeals to context avoid the question: Is this “science-by-committee” a sensible way to sort out contentious scientific issues that hold immense public policy implications? Perhaps a politicized, semi-chaotic process like the IPCC is unavoidable in a subject as wide-ranging and complex as climate change; future historians of science can debate the issue. But the high stakes involved ought to compel a maximum of open debate and transparency. Instead, the IPCC process places a premium on gatekeepers and arbiters who control what goes in and what doesn’t, and it is exactly in its exercise of the gatekeeping function that the CRU circle has shredded its credibility and trustworthiness.

One thing that emerges from the new emails is that, while a large number of scientists are working on separate, detailed nodes of climate-related issues (the reason for dozens of authors for every IPCC report chapter), the circle of scientists who control the syntheses that go into IPCC reports and the national climate reports that the U.S. and other governments occasionally produce is quite small and partial to particular outcomes of these periodic assessments. The way the process works in practice casts a shadow over one of the favorite claims of the climate campaign​—​namely, that there exists a firm “consensus” about catastrophic future warming among thousands of scientists. This so-called consensus reflects only the views of a much smaller subset of gatekeepers.

Beyond additional bad news for the hockey stick graph, is there anything new in these emails about scientific aspects of the issue? This will take time to sort out, but I suspect anyone with the patience to go through the weeds of all 5,300 messages and cross check them against published results may well discover troubling new aspects of how climate modeling is done, and how weak the models still are on crucial points (such as cloud behavior). Some of the new emails frankly acknowledge such problems. There are arcane discussions about how to interpolate gaps in the data, how to harmonize different data sets, and how to resolve the frequent and often inconvenient (because contradictory) anomalies in modeling results. Definite examples of political influence have emerged already from a first pass over a sample of the massive cache.

In the editing process before the IPCC’s 2001 third assessment report, Timothy Carter of the Finnish Environmental Institute wrote in 2000 to three chapter authors with the observation, “It seems that a few people have a very strong say, and no matter how much talking goes on beforehand, the big decisions are made at the eleventh hour by a select core group.” In this case, decisions at the highest levels of what specific figures and conclusions were to appear in the short “summary for policy makers”​—​usually the only part of the IPCC’s multivolume reports that the media and politicians read​—​required changing what appeared in individual chapters, a case of the conclusions driving the findings in the detailed chapters instead of the other way around. This has been a frequent complaint of scientists participating in the IPCC process since the beginning, and the new emails show that even scientists within the “consensus” recognize the problem. Comments such as one from Jonathan Overpeck, writing in 2004 about how to summarize some ocean data in a half-page, reinforce the impression that politics drives the process: “The trick may be to decide on the main message and use that to guid[e] what’s included and what is left out.”

No amount of context can possibly exonerate the CRU gang from some of the damning expressions and contrivances that appear repeatedly in the new emails. More so than the 2009 batch, these emails make clear the close collaboration between the leading IPCC scientists and environmental advocacy groups, government agencies, and partisan journalists. There are repeated instances of scientists tipping their hand that they’ve thrown in their lot with the climate ideologues. If there were only a handful of such dubious messages, they might be explained away through “context,” or as conciliatory habits of expression. But they are so numerous that it doesn’t require an advanced degree in pattern recognition to make out that these emails constitute not just a “smoking gun” of scientific bias, but a belching howitzer. Throughout the emails numerous participants refer to “the cause,” “our cause,” and other nonscientific, value-laden terms to describe the implications of one dispute or another, while demonizing scientists who express even partial dissent about the subject, such as Judith Curry of Georgia Tech.

Since the beginning of the climate change story more than 20 years ago, it has been hard to sort out whether the IPCC represents the “best” science, or merely the findings most compatible with the politically driven climate policy agenda. Both sets of emails have lifted the lid on the insides of the process, and it isn’t pretty.

A good example of how the political-scientific complex works hand-in-glove to tightly control the results comes from May 2009, when the IPCC authors were working on a “weather generator,” which they hoped would produce climate change scenarios tailored to localities, so as to promote favored adaptive measures (sea walls, flood control, drought readiness, etc.).

This is a small but hugely controversial aspect of climate modeling, and one where politicians and advocacy groups (the World Wildlife Fund was especially keen to have this kind of work done) may well be asking scientists to do the impossible. But there’s research money in it, so scientists are only too happy to oblige. Kathryn Humphrey, a science adviser in Britain’s DEFRA (Department of Environment, Forestry, and Rural Affairs​—​Britain’s EPA) wrote a worried note to Phil Jones and several other scientists involved in the project about criticisms of the cloistered working group behind the weather generator scheme, noting, “Ministers have also raised questions about this so we will need to go back to them with some further advice.”

Jones tries to reassure Humphrey that he’s got the working group under control: “As I’ve said on numerous occasions, if the WG [working group] isn’t there, all the people that need [the weather generator] will go off and do their own thing.

Climategate (Part II) A sequel as ugly as the original.

Monday, November 21, 2011

Carbon Trading Scheme: Independent MPs back mining tax


The Federal Government has secured the support of key independents Tony Windsor, Rob Oakeshott and Andrew Wilkie for its mining tax.

The independents have secured a $200 million program to examine environmental concerns over coal seam gas mining and an increase in the tax threshold from $50 million to $75 million for small companies.

But the passage of the bill is by no means assured.

The Greens, who have threatened to block the legislation if the tax threshold is increased, are insisting the foregone revenue of $20 million a year be made up by other means.

However the support of the independents is a big boost to Julia Gillard's Government, which is trying to get the tax through the Lower House before Parliament rises for the year on Thursday.

It has been buoyed by Labor Party-commissioned research showing 56 per cent of people do not think average Australians are benefiting from the resources boom.

The Government has agreed to a demand by Mr Wilkie to lift the tax threshold at which the tax will apply to $75 million from $50 million and phase in another increase to $125 million.


Mr Wilkie had expressed concerns about how the tax will affect small miners, a concern shared by Western Australian independent Tony Crook.

The Tasmanian MP says 20 to 30 companies will pay the tax when it reaches the $125 million threshold.

"That will go some way to making for a fairer tax for the small mining companies," he said.

"At the end of the day they are the companies that are going to become the big companies."

Mr Wilkie said he was unable to negotiate any change to the depreciation provisions, but accepted the Government had negotiated in good faith.

But Mr Crook says he will not be supporting the tax and argues the Government should consider amendments to protect small miners.

"Some companies may choose to put their projects on the backburner or not proceed at all," he said.

"This will have a massive detrimental affect. There should be every inducement to keep these mining companies going and keeping people employed."

Sticking points
One of Mr Windsor's key sticking points was a commitment that any decisions about coal seam gas projects are based on rigorous scientific evidence.

Carbon Trading Scheme: Independent MPs back mining tax

Wednesday, November 16, 2011

Carbon Trading Scheme: Low-income Australian families 'battle energy bills'

LOW-income families are buckling under the strain of rising energy bills, a leading social welfare charity says.


Anglicare Sydney has recorded a sharp increase in the number of people seeking emergency aid to help meet household energy costs, which have risen 17.3 per cent since July.


Low-income families are under the highest pressure, Anglicare's director of advocacy Sue King said in a statement.

"Anglicare Sydney has given out $10,000 more in assistance for energy bills in the first quarter of this financial year compared with the same time last year,'' she continued.


"The increase in the amount of energy assistance distributed directly relates to the increase in electricity prices.''

It comes as the NSW Energy and Water Ombudsman confirmed many customers are now facing financial hardship because of rising energy bills, with a steady stream of complaints about large arrears and disconnections.


Ombudsman Clare Petre revealed there had been an eight per cent increase in complaints from customers facing disconnection during the last financial year.


There was an 18 per cent increase from customers who had been disconnected due to financial hardship.


Carbon Trading Scheme: Low-income Australian families 'battle energy bills'

Tuesday, November 15, 2011

The impact of the carbon price overtakes Australians' main concern, Loan Market online survey reveals


CONSUMER worries about interest rates have been overtaken by concerns about the impact of the carbon orice and utility costs on household finances.


An online survey conducted by mortgage provider Loan Market shows 39 per cent of respondents nominated the carbon tax as their biggest financial concern for 2012, while 30 per cent nominated utility costs.


Of the 484 respondents, 21 per cent said interest rates would have a negative impact, while just 10 per cent said fuel prices.


What costs are hitting you the hardest? Take our Cost of Living survey below.


"Even though it does not come in until July 1 next year, the majority of our respondents cite the carbon tax as their biggest financial concern for 2012,'' Loan Market chief operating officer Dean Rushton said today.

The survey also found Gen-Yers were more concerned about the carbon price, with 51 per cent of respondents in that age group saying it would have the greatest negative impact on their finances.


But consumers were less concerned by interest rate rises, after the Reserve Bank of Australia in November cut the cash rate for the first time in more than two and half years.


"There is no doubt in that they will need to cut further to continue to shore up confidence in the current global environment,'' Mr Rushton said in a statement.



Read more: http://www.news.com.au/money/money-matters/the-impact-of-the-carbon-price-overtakes-australians-main-concern-loan-market-online-survey-reveals/story-e6frfmd9-1226195967052#ixzz1d1wqsx1G

Tuesday, October 25, 2011

Carbon Trading Scheme: Carbon Tax Opposition Grows: Newspoll

There is growing opposition to the carbon tax after the House of Representatives passed bills for the scheme, a Newspoll has found.


Opposition to the tax has jumped six percentage points to 59 per cent, the poll commissioned by The Australianhas found.

Support for the tax has fallen four points to 32 per cent.


But it's not all bad news for Labor, with the poll showing there was a four-point drop in the Coalition's primary vote to 45 per cent, the lowest since May this year.


The Greens climbed back to a record 15 per cent primary vote support, rising three points.


Prime Minister Julia Gillard's personal satisfaction with voters rose three percentage points to 31 per cent.

Opposition Leader Tony Abbott's rating was down from 36 per cent to 34 per cent.


However, Mr Abbott still maintained the lead as preferred prime minister at 39 per cent compared with Ms Gillard's 36 per cent.

Newspoll chief Martin O'Shannessy said Labor's primary vote was stuck on 29 per cent, unchanged from two weeks ago while the Coalition's loss of support had mostly gone to the Greens.


Ms Gillard might take heart from the improvement in her approval rating, he said.


But continuing opposition to the carbon tax made it hard to accept the government's view that the passage of its legislation through Parliament would improve Labor's position.


"We have been tracking this now for a while. Back in April-May it was 60, in July 59," Mr O'Shannessy told ABC Radio.

The latest Newspoll has opposition to the carbon tax still at 59 per cent.


Parliamentary secretary Kate Lundy believes commonsense will prevail on the carbon tax.

"This policy is embedded in good science," she told Sky News.


"I think the opposition is starting to be exposed in the lack of sincerity in their fear campaign."


People were starting to question the opposition's motivation, knowing it was about "dirty politics" not policy.

Opposition frontbencher George Brandis said the Coalition was "very, very happy" about the latest Newspoll.


"For the Labor Party to find comfort from the fact they're only 16 [percentage points] behind the Coalition on the primary vote ... just goes to show how desperate the Labor Party's situation has become," he said.


Senator Brandis rejected any suggestion the Coalition was playing politics over the carbon tax.

"We simply think it is a stupid idea and, by a majority to two to one, so do the Australian people."


Carbon Tax Opposition Grows: Newspoll

Tuesday, July 26, 2011

Carbon Trading Scheme: Qld Taxpayers Warned about Carbon Tax

Queensland taxpayers will pay the price for state-owned power generators being devalued by the federal carbon tax, a Senate committee has been warned.

A committee scrutinising the proposed federal tax sat in Brisbane on Monday, where Queensland Resources Council chief Michael Roche argued Australia should not adopt a tax ahead of its international competitors.

Carbon Trading Scheme: Qld Taxpayers Warned about Carbon Tax

Carbon Trading Scheme: Costs of Climate Tax 'Could Drive Farmers From the Land'

Carbon tax costs could push farmers off the land and raise the price of agricultural productivity, a Senate committee has been told.

Sitting in Brisbane, the Senate select committee on the scrutiny of new taxes heard that the Queensland government would forgo $1 billion in royalties in the coming decade because of the tax.

Carbon Trading Scheme: Costs of Climate Tax 'Could Drive Farmers From the Land'

Many Would Back Repealing Carbon Price


Half the country supports Opposition Leader Tony Abbott's stance that he would overturn the carbon pricing scheme should the coalition with the next election, a news survey shows.

The weekly online Essential Research survey released on Monday shows the prospect of a coalition election win remains clear cut, with only a minor increase in support for Labor recorded in the latest week.

Labor support among voters rose to 45 per cent from 44 per cent last week on a two-party preferred basis, compared with 55 per cent for the coalition, down from 56 per cent previously.

Fifty per cent of the 1053 respondents supported Mr Abbott's stance that he would repeal the carbon price legislation on winning power, while 36 per cent said they opposed such a move.

Thursday, July 14, 2011

Emotional PM Defends Carbon Tax Plan


The Prime Minister Julia Gillard became emotional today during an address to the National Press Club, on the Government's carbon tax plan. Ms Gillard's voice wavered as she talked about her nature of being a shy, reserved school girl. But she was unwavering in her answer to what she thought of the reporting of her Government's carbon pricing plan.

Listen to Julia Defend her Carbon tax position regardless of how unpopular it is:

Julia Justifying her Unpopular Carbon Tax

Carbon Trading Scheme: Carbon trading has its risks including fraud, warn experts

CARBON trading experts say there is potential for fraud in the global market, but checks and balances are improving.

Under the government's carbon pricing plan announced on Sunday, more than half of the emissions abatement to 2020 will come from companies buying it from overseas, at an estimated cost of $3 billion, with the remainder coming from Australian carbon farming and other initiatives.

READ ON:

Carbon Trading Scheme: Carbon trading has its risks including fraud, warn experts

Carbon Trading Scheme: Suffocating the Economy One Tax at a Time

Carbon Trading Scheme: Suffocating the Economy One Tax at a Time

Monday, July 11, 2011

Carbon Trading Scheme: Carbon tax: Heat rises as voters reject Julia Gillard's plan

ANGRY Australians have vowed to vote Julia Gillard from office at the next election after yesterday's controversial carbon tax announcement.

READ ON:

Carbon Trading Scheme: Carbon tax: Heat rises as voters reject Julia Gillard's plan

Thursday, July 7, 2011

Alan Jones speaks to Lord Christopher Monckton about carbon tax and climate change.

Alan Jones speaks to Lord Christopher Monckton about carbon tax and climate change.

Some really good content here and well worth a listen, in stark contrast to the Adam Spencer where there was a clear bias to try and discredit any opponant to a carbon tax.

LISTEN HERE

Lord Christopher Monckton interview with Adam Spencer

Controversial climate sceptic Lord Christopher Monckton is currently in Australia on a lecture tour.

He spoke not once, but twice to Adam Spencer this morning...

Listen to the 2 part interview (Adam hung up mid air and called Lord Christopher Monckton back who agreed to finish the "debate".

LISTEN HERE

Wednesday, July 6, 2011

.Controversial climate sceptic Lord Monckton Set to Speak at National Press Club


CLIMATE sceptic Christopher Monckton has been offered a prime speaking slot at the National Press Club in Canberra on July 19, despite a spate of cancelled public appearances.

Lord Monckton - who recently accused Julia Gillard's climate adviser Ross Garnaut of “fascist” views - is set to debate the Australia's Institute's executive director, economist Richard Denniss.

The Australian Online understands Lord Monckton was offered the spot in response to a request from his tour organisers.

The engagement is yet to be finalised as he has a speaking engagement in Melbourne which he is trying to shift.

It's understood the press club board approved the offer to Lord Monckton on Friday, while Dr Denniss has accepted the invitation.

National Press Club senior vice president Steve Lewis said the role of the club was to “provide a civilised forum for an important debate”.

“That's why we have extended the invitation to Lord Monckton and Dr Denniss to have this debate,” he said.

Dr Denniss has worked as a strategic adviser to Greens leader Bob Brown and worked as chief-of-staff to former Democrats leader Natasha Stott Despoja.

Lord Monckton has had speaking appearances cancelled at clubs in Melbourne, Adelaide and Perth since arriving in Australia, after his comments about Professor Garnaut were revealed. Lord Monckton later said he had apologised to Professor Garnaut.

Engagements at the Brisbane Broncos Leagues Club and Port Adelaide Football Club have also been cancelled.

Lord Monckton's tour organisers have subsequently arranged for him to speak at the Bardon Conference Venue in Queensland and the South Adelaide Football Club in South Australia.

Lord Monckton has also spoken at a mining conference in Perth, and at the city's Notre Dame University, during his current visit.

But he today hit out at those responsible for cancelling his appearances, saying it was evidence the climate change movement was faltering.

“I see this simply as a mark of naked fear on the part of people who had arrogantly decided to politicise science and have now discovered that the truth is the truth, whether they like it or not,” Lord Monckton said.

“What we're seeing here is the last gasp of quite an unpleasant international political movement which had decided to try to politicise science itself and which has now failed.”

“If they were confident of their own scientific and economic position, they would not be frightened to allow the other side of the case to be heard.”

Organisers of Lord Monckton's national tour were told his booking of a Port Adelaide Footbal Club function room was “unsuitable”.

Port Adelaide's media manager Andrew Rutter said the booking was made by a staff member but cancelled after management became aware of it.

“Port Adelaide is a sporting club and that is what we are about,” Mr Rutter said.

“The club respects everyone's right to an opinion, but does not see itself or its facilities as a platform for any political viewpoint.”http://www.blogger.com/img/blank.gif

Lord Monckton said the club did not understand what freedom of speech meant.

“In Australia it always used to be that you got a fair go and clearly that is no longer the case,” he said.

“Before I came here I had a look at the international reputation of Australia and a number of the websites that monitored human rights for instance are beginning to talk of Australia as no longer a free country because access to information is so controlled.”

TheAge.com.au

Carbon Trading Scheme: Andrew Wilkie Sets out Conditions to Support Carbon Tax

JULIA Gillard can secure the final vote she needs to pass the carbon tax if she promises to protect a zinc mine in Hobart.

Tasmanian MP Andrew Wilkie last night met the Prime Minister to discuss his terms after she won support from the Greens and independents Rob Oakeshott and Tony Windsor for the package.

READ ON:

Carbon Trading Scheme: Andrew Wilkie Sets out Conditions to Support Carbon Tax

Tuesday, July 5, 2011

Carbon Trading Scheme: Carbon Price Announcement on Sunday

Carbon Trading Scheme: Carbon Price Announcement on Sunday

Friday, June 24, 2011

No Carbon Apology Needed, says PM

JULIA Gillard has declined to apologise for her pre-election declaration that "there will be no carbon tax under the government I lead" and has warned that it may take "months and months and months" to convince voters on the merits of the policy.

Asked yesterday why she didn't just apologise, the Prime Minister said: "I've explained, of course, to the Australian people that I never meant to mislead anybody during the last election campaign about carbon pricing".

She told the ABC that carbon would be priced "through a path I didn't expect during the election campaign".

The Prime Minister's comments came as the multi-party climate change committee prepared to meet again on Tuesday as the government and the Greens continued to try to reach a deal on the carbon pricing package.

The Weekend Australian understands that the government is considering whether to release Treasury modelling with the carbon pricing package.

Ms Gillard moved to play down expectations that the announcement would quickly restore Labor's poor rating with voters. She said it could take many months of explanation.

"This is a big reform. It is not something that people will digest in the first five minutes of seeing the press conference when it is announced," she said.

Asked if there might be a "huge disconnect" between what she said and what she did, Ms Gillard said: "What I'm saying is what I'm doing . . . I understand it's causing anxiety, but to be the kind of country we want to be in the future with the environment we want and the strong economy we want, we have got to get on with the job and price carbon".

But opposition climate action spokesman Greg Hunt demanded the government release a complete package in announcing the carbon pricing scheme details. "We want the full modelling on the impacts on electricity, gas, petrol and groceries for Australians between now and 2020," he said.

Mr Hunt seized on a report in The Australian on Thursday that the government was negotiating with individual power generators to close or curtail high emissions plants. He said this was a key element of the Coalition's direct-action policy.

"The Coalition has had it right all along. They want to put a tax on electricity but it won't necessarily cause anything to change."

Carbon Trading Scheme

JULIA Gillard has indicated that most families on incomes above $150,000 will miss out on compensation under the proposed carbon tax plan to be unveiled next month.

This comes as Tony Abbott today will promise tax cuts from a Coalition government when it scraps the carbon tax and accompanying compensation measures.

Ms Gillard has strongly defended the $150,000 figure, saying people earning that amount are not rich but ''they're a lot better off than the vast majority of Australian families''. She pointed out that the average household income was $68,000 and only one in 10 households earned more than $150,000.

READ ON:

Carbon tax relief to end at $150,000


Carbon Trading Scheme

Sunday, June 5, 2011

Carbon Trading Scheme: Australia Releases Rules for CO2 Credits from Culling Camels

Carbon Trading Scheme: Australia Releases Rules for CO2 Credits from Culling Camels

Carbon Credits Market at Point of Collapse


THE international market in carbon credits has suffered an almost total collapse, with only $US1.5 billion of them traded last year - the lowest since the system opened in 2005, says a report from the World Bank.

A fledgling market in greenhouse gas emissions in the United States also declined, and only the European Union's internal market in carbon remained healthy, worth $US120 billion. However, leaked documents appear to show that even the EU's system is in danger.

The international market in carbon credits was brought about under the Kyoto Protocol, as a way of injecting investment in low-carbon technology in the developing world.

Under the system, known as the clean development mechanism, projects such as wind farms or solar panels in developing countries are awarded credits for every tonne of carbon avoided. These credits are bought by rich countries to count towards their emissions reduction targets.

From 2005, when the Kyoto Protocol came into force, to 2009 the system generated a total of $25 billion for developing countries. But last year's $1.5 billion was even less than the amount paid for credits in the first year of operation.

''This bodes very badly for the countries we are trying to help,'' said the World Bank's envoy for climate change, Andrew Steer. ''The [carbon] market is failing us.''

If the poor performance continued, it would mean increasing greenhouse gas emissions, he said. Part of the problem is uncertainty over the future of the Kyoto Protocol. The provisions of the 1997 treaty, which took years to come into force, are due to expire in 2012 and there is no agreement yet on a continuation.

The US refuses to take part in the treaty, and Russia, Japan and Canada said at the recent Group of Eight meeting they would not continue under the Kyoto Protocol. The United Nations is trying to ensure that the trade in credits continues even if the protocol is not renewed.

Monday, March 21, 2011

Silver Investment News by GaleForceSales: New Carbon and Mining Taxes to drive up Commodity Prices

Silver Investment News by GaleForceSales: New Carbon and Mining Taxes to drive up Commodity Prices

Saturday, February 26, 2011

Australia Going Green - progress towards a sustainable Australian Future: Gillard Unveils Carbon Price Details

Australia Going Green - progress towards a sustainable Australian Future: Gillard Unveils Carbon Price Details

Carbon Trading Scheme: Australia to get carbon scheme by July 2012

Carbon Trading Scheme: Australia to get carbon scheme by July 2012

Carbon Trading Scheme: People's revolt looms on Australian carbon tax, Tony Abbott predicts

Carbon Trading Scheme: People's revolt looms on Australian carbon tax, Tony Abbott predicts

Saturday, January 22, 2011

Carbon credits: a hard thing to hang on to?



The thing about carbon trading is that you are dealing in something you can't see, feel or touch. Carbon credits are a mathematical calculation of something that doesn't exist. I mean, how do you stock a warehouse with credits for tonnes of carbon dioxide that someone hasn't produced and want to sell?

Does this make carbon credits more vulnerable to electronic theft? That is a question that comes up with news that the European Union has halted transfers of carbon credits because hackers have broken into the registries of five mostly unnamed countries and stolen two-million tonnes worth of the credits potentially worth millions of euros. We have a wire story on that case here.

The Czech Republic's registry is one that is known. The New York Times is reporting comments from a trading firm that the Czechs lost 470,000 tonnes worth of the credits worth almost seven-million euros.

On the surface, one might argue that this doesn't necessarily say anything about the carbon market, and if it impugns carbon trading it tarnishes all financial markets since they all operate via vast, lighting-quick electronic networks with transactions trading theoretical bits and bytes of the things from copper futures to international currency. I mean, if one bank transfers $100 million to another bank, no one is sending a truck full of cash between the two.

However, copper futures are tied to physical metal, and if you use your computer to transfer your paycheque from one bank to your credit union, you can walk up to an ATM and withdraw cash.

"This is not good for the credibility of the market," explained Kjersti Ulset, head market analyst for Point Carbon, a Norway-based firm that closely follows the trading and was quoted by the Times. "But at the same time, it should be possible to find measures that will make it possible to avoid this in the future."
That about sums it up. In the meantime, the EU has said 14 of its 27 member countries need to boost their online security.

Carbon Trading Scheme: EU to ban China, India carbon credits trade

Carbon Trading Scheme: EU to ban China, India carbon credits trade

Carbon Counter