Terry McCrann – Let's face it: the ETS is dead

Dead as a…

The only people who don’t know this already appear to be Kevin Rudd and Penny Wong, getting ready to re-introduce it to Parliament in February, despite the world having moved on. Copenhagen has shown that the desire to cripple economies with “carbon reduction” plans is virtually non-existent, and with Tony Abbott at the helm of the Coalition, there isn’t the slightest possibility of it getting through:

While an argument could have been mounted before Copenhagen for moving towards an ETS, that is not possible after the chaos in doleful Hamlet’s hometown that produced the “China solution”.

There will be no global agreement to cut emissions of carbon dioxide.

Formally, it was “Chindia” — China and India. But China is the elephant in that pairing. And in any event, nothing that President Barack Obama might have promised in Copenhagen was ever going to be endorsed by the US Senate, as it has to be.

While we wouldn’t have quite seen a replay of the 95-0 vote that rejected the Kyoto Treaty in 1997, there is zero prospect of the US adopting either binding CO2 emission targets or a cap-and-trade policy, their name for an ETS.

So we have a situation post-Copenhagen, where the two countries that between them are responsible for nearly half of all global emissions of CO2 are not committed to cutting emissions, far less binding targets. And more pointedly, they won’t have an ETS.

Read it here.

Comments

  1. Most importantly because of Climate gate we know AGW is a fraud.

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