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Emissions Trading Scheme (ETS)
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Emissions Trading Scheme
How much of an affect will this have on our environment and planet? It has been well documented that we have to do something NOW to slow down the effect of Global warming. The emissions trading scheme would slash greenhouse gas emissions by putting a price on carbon pollution. The scheme proposed by the Government will cut greenhouse gas emissions by between 5 and 25 per cent over 2000 levels by 2020. The Government has committed to a 25 per cent reduction if there is a global agreement in Copenhagen. I understand that Australia is only a small player on the world stage but Australia can use this opportunity to show how serious we are about Global Warming. Now I know that PM Kevin Rudd is trying to cover his own backside by not over committing but it’s time for him to show us what type of leader he is, by committing to a 25% reduction not only will it show leadership qualities but it would also prove to the people of Australia how serious Kevin Rudd is about Global warming.
The scheme will start on July 1, 2011, which is one year later than the Government originally planned. A fixed carbon price phase will apply between the beginning of the scheme and up to June 20, 2012. During that phase, each carbon permit would cost $10 a tonne.Originally the expected price of a carbon permit was going to cost around $20. By lowering the price of the carbon permit the Rudd Government is making it clear to these big polluting companies that he is not as serious as he made out to be when he first mentioned the Emissions Trading Scheme. There is increased compensation to big business with some companies receiving 95 per cent of their carbon permits for free. That’s right 95% of permits will be free to some companies, the companies that will most likely receive these free permits will be some of the biggest polluting companies in Australia. How is this going to help the effect of Global Warming?
Now I know that it is better to do something small than do nothing at all but in this case I think that it is time that Government should take some action rather than winning votes for the next election. If the opposition Government does come into to power next election then I hope that they go ahead with a better solution to global warming but in saying that we all know what politician’s are like, they will get into government and then do a back flip on the things they promised.   Â
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