How was the ETS meant to work anyway?

[Rainbow Moonlight]

I have never seen any detail of how the ETS was meant to work. I don't knwpo why not. The link in this article explains how something called a cap and trade scheme would work- looks like it is based on basic economics. But is this what our own ETS was like?

http://news.bbc.co.uk/2/hi/asia-pacific/8389909.stm

[Monkey Magic]

wong has been asked many times to disclose the expected reduction in co2 resulting from the ets. wong has consistantly avoided answering that question proffering dooms day climate outcomes if we are are not heavily taxed instead.

wong also struggles to explain this complex piece of legislation in any way sensible and coherent.

be very very wary of a piece of legislation that cannot be explained and that cannot predict the consequences to co2.

[JW.Frogen]

Carbon trading means wealthy countries, those who emit the most carbon, can buy up the carbon credits of those countries not emitting enough carbon to be able to afford buying up enough carbon credits.

(Meet the new boss, same as the old boss.)

Countries sick of the hypocrisy will just sign and ignore, or pretend they pretended to comply but some how forgot to comply.

Only a Green or Free Market Capitalist could be idiot enough to believe we can create a market out of thin air that will stop humans from their desire to be rich, not poor.

As Yeats wrote,

“Turning and turning in the widening gyre
the falcon can not hear the falconer.
Things fall apart; the center can not hold;
Mere anarchy is loosed upon the world,
the blood-dimmed tide is loosed, and everywhere
the ceremony of innocence is drowned;
the best lack all conviction, while the worst
are full of passionate intensity.”

[JW.Frogen]

To my mind a much better idea would be a global fund, a tax, based on national GDP that is put into finding, researching, developing non-carbon intensive energy sources and technology distributed to everyone.

That is just me.

But then I am a drunk, not without reason mind you.

[Auzgurl]

To my mind a much better idea would be a global fund, tax, based on GDP that is put into finding, researching, developing non-carbon intensive energy sources.

That is just me.

But then I am a drunk, not without reason mind you.

Not just a drunk Frogen , never just a drunk.

[Auzgurl]

Found this article on ETs ... Frogen is right as always..


http://www.sbs.com.au/news/article/1133 ... e-ETS-work

."The Federal Government has established a “cap and trade” system, which means that the Federal government sets a mandatory total limit on emissions while providing those subject to the trading scheme with some flexibility in how they comply," Ms Bayliss explained.

"In other words, the entities within the scheme are allowed to trade amongst themselves to determine which sources actually emit the total pollution load and which find ways to reduce their emissions and therefore minimise their liability under the scheme.

"An emissions trading scheme is intended to promote an 'orderly transition to a low-carbon economy' by rewarding innovation, efficiency, and early action in reducing emissions without inhibiting economic growth".

Ms Bayliss says specifically, the objectives of an emissions trading scheme are to:

1) Provide market based penalties/incentives for countries and businesses to reduce overall their levels of greenhouse gas emissions, invest in innovative technologies and 'green energy' and create a market based “cost of carbon”.

2) Create a market based 'cost of carbon' to:

• Increase cost of fossil fuel based, non-renewable energy by putting a price on the environmental and social costs that have traditionally not been counted in the production, distribution, use and waste streams of fossil fuel based energy; and

• Facilitate research and development and uptake of renewable energy technologies through more competitive pricing that makes solar, wind, etc power viable against fossil fuel based energy.

Ms Bayliss says however, it is important to remember that an Emissions Trading Scheme is only one part of suite of policy options that are needed to transition to a low carbon economy.

"Other government measures include regulation, provision of incentives such as rebates, public education," she added.

"In a cap and trade system, the Government’s cap -- or overall limit to national emissions -- is based on a national target and trajectory of emissions reductions over a set period of time.

"Governments generally state that national targets and trajectories are based on scientific consensus -- for example the targets and trajectories that are claimed to keep global emissions below a certain point or concentration," Ms Bayliss said.

[JW.Frogen]

Found this article on ETs ... Frogen is right as always..

When you get to Perth it will take all of my willpower (not my strong suite) to stay away from your sexy neck.

[Auzgurl]

You sound like a vampire Frogen..

[JW.Frogen]

My shoulder blades are the wings of a fallen angel, my spine brused from the fall, but not bent nor broken.

[Hebe]

Too much holy water?