as the wind blows...
Big business wants the main parties to go back to the drawing board on climate policy after the election to try to come up with an agreed plan for an economically efficient way to reduce Australia's emissions and offer investment certainty.
In what amounts to a vote of no confidence in the environmental policies of both major parties, the Business Council of Australia says the government's independent research body, the Productivity Commission, should be asked to have another look at the cheapest way to reduce to Australia's greenhouse emissions.
When it was asked to review international carbon policies in 2011, the commission found that in general carbon pricing was most cost-effective, so long as it was not "crowded out" by other regulations and climate subsidies.
New modelling has suggested the Coalition's Direct Action plan – of-buying emissions reduction through competitive government grants – is at least $4bn short of the money it needs to achieve Australia's minimum emissions reduction of 5% by 2020. Many business groups – including the BCA – support carbon pricing but have criticised Labor's model.
Gus: It's obvious that "big business" wants to milk "uncertainty" in the mind of punters until "it's too late to do anything"... And "big business" of course would support a coalition non-solution where lots of money is the key to doing not much....
By now in order to limit the rise of temperature by 3 degrees Celsius by 2100, "big business" should know that emissions of CO2 need to be capped by 2050 at less than 10 per cent of what they were in 2000... All this means that by 2025 we need to cut our emissions by 60 per cent... With consuming passion, this is quasi-impossible considering that the world population would have grown another 2 billion by 2050...
Reducing emissions will mean a massive rethink of the unthinkable: rewriting the way finances are played out with super stringent limits on gambling on the future... a 1500 trillion dollars derivative market biting the dust, in flames... By then, 2050, it will have become obvious that the only way to curb emissions would be to shut down "extra" carbon consumption to basically zero (we should have started zero extra emissions of CO2 in 1996, as mentioned by Gus before). Gone will be the oil and coal industries, hello wind mills and solar panels everywhere, good morning delicately calculated recycling and good afternoon conservation... Anathema!.... No more plastics, no more stock exchange... The end of uncivil civilisations and the beginning of preciously thrifty civilities, in which one or two greedy bastards will still try to rob us blind... on a massive world scale... But the police would be instructed to shoot on sight of any CO2 infringements...
The UN forecast though is still very much on the "conservative" side of change. It is scientifically known that change can happen quickly and surprisingly bigger than predicted... without warning.