Strong Aussie dollar hits ETS bottom line


But you can guarantee that the Treasury modelling will massage the figures to make it look like everything is rosy in the ETS garden:

THE resurgent Australian dollar and strong commodity markets have slashed by more than $10 billion the expected revenue from the emissions trading scheme over the next decade, dramatically reducing the government’s scope to accept Malcolm Turnbull’s amendments.

Ten-year costings for the ETS, expected to be released with the government’s mid-year economic forecasts next week, are likely to show that instead of the $11bn surplus estimated by independent forecasters by 2020, the ETS could run at a loss in many of those years and require top-up funding from the budget.

A large or ongoing deficit would contradict government promises that the scheme will over time pay for itself, and jeopardise promised compensation to businesses and households from revenue raised from selling emissions permits.

And the good news is that this may prevent the Government from being able to negotiate with the Opposition, forcing them to vote it down:

The forecast estimates will dramatically lessen the chances of a deal in ETS negotiations between the government and the opposition, ahead of the second Senate vote late next month when the laws could become a double-dissolution trigger.

The Coalition could reject Kevin Rudd’s proposed carbon emissions trading scheme next month even if the Prime Minister accepts all of Malcolm Turnbull’s proposed amendments.

Senate leader Nick Minchin said yesterday there was no guarantee the Coalition partyroom would accept any agreed proposals, sparking government claims the opposition was acting in bad faith in negotiating with it over amendments.

Read it here.

Global socialism begins in Europe


The European Union has agreed to begin a vast transfer of wealth from rich nations to poor by agreeing to throw over US$150 billion every year by 2020 at developing countries to “tackle climate change”:

European Union leaders on Friday reached a deal on how to help developing nations tackle climate change, but without putting a figure to Europe’s contribution, officials said.

We have an agreement,” said Swedish Prime Minister Fredrik Reinfeldt, at the end of a two-day European summit in Brussels.

“The EU now has a strong negotiating position and the countdown to Copenhagen now has started,” he added, referring to international climate talks in Denmark in December.

“We can now look the rest of the world in the eyes and say we Europeans have done our job,” said EU Commission chief Jose Manuel Barroso at the summit-closing press conference.

“It was essential that the European Union kept its leadership role and we have done that,” he added.

But there is plenty of smoke and mirrors in this announcement, as the leaders are strangely reluctant to actually publish their individual contributions to this huge bill. And Barroso put the inevitable caveat on the agreement, something that Rudd & Co seem unable to grasp in their rush to implement an ETS:

He cautioned that the EU “offers are not a blank cheque… we are ready to act if our partners are ready to deliver.”

Read it here.

Changes at ACM


Dear ACM readers,

You will have noticed that there have been some fairly major changes going on at ACM. We have finally removed our training wheels, left Blogger behind and graduated onto WordPress, in order to improve the quality of your reading experience.

Most things will be similar, but some may be slightly different.

We recommend you update your bookmarks to point to the new home address:

http://www.australianclimatemadness.com

If you subscribe via RSS, the feed to use is:

http://feeds.feedburner.com/AustralianClimateMadness

That’s all there is to know! There will be continuing tweaks over the next few days and weeks, so let us have any feedback you may have regarding the new site.

We hope to return to regular posting in the next week or so, in time for the run up to the Senate vote and of course, how could we not mention it, Copenhagen. Oh, deep joy.

Stay tuned!

Break from blogging


ACM is taking a break. Other commitments mean that for a while I will not have the spare time to research and write this blog. Check out the Blog Roll to the right for all your climate sceptic needs, but I recommend:

Best regards,

Simon

More photos of the "thousands" at global "350" protests


Here are the thousands that turned up in Rome:

There are precisely 58 people. I just counted them. And that’s in a city of 3.7 million. They couldn’t write the message on the ground except by lying down. Here are the thousands that turned up in Kiev (pop. 2.8 million):

Maybe a hundred, if we’re being generous (excluding all the bystanders looking puzzled). But at least they could all stand up. Yet despite the almost laughably small size of these protests, they get huge coverage in the media. A Google news search of “350 climate” yields no less than 2,521 news articles in the past day (see here). Just another example of the undue weight the alarmist media affords to a tiny news story when it has the magic words “climate change” in it.
The photos are grabbed from a BBC story here.

"350" Protest – that's the number that turned up…


All the moonbat media are talking this up as if it’s a big deal, but of course, the pictures tell a different story. Here’s The Age on the protests:

Thousands of people gathered on the steps of the Opera House for an outdoor concert and formed a giant 350 with their bodies, one of more than 200 events to be staged across the continent, said spokeswoman Blair Palese.

But here’s the reality:

350 is approximately the number of protesters that turned up…

A few hundred at best. In Melbourne there were about half a dozen bikes, and in Darwin, the march looked more like a few lonely stragglers out for a stroll. But hang on, this is the biggest challenge to humanity since the dawn of time, isn’t it? More from Ms Palese:

“Our global emissions are now perilously high, at 387 ppm [she means, of course, the current proportion of carbon dioxide in the atmosphere is 387 ppm, which has absolutely nothing to do with “global emissions”, but that is just the kind of sloppy thinking we are used to from environmentalists who do not have a clue what they are talking about – Ed],” Palese said. [And a good job she wasn’t around in the Cambrian period, when CO2 reached seven THOUSAND ppm, or even the more recent Cretaceous, when CO2 was still well over two thousand ppm – she would have probably expired with the shock – Ed]

“The majority of expert scientists now say this has to come down to 350 ppm to avoid dangerous climate change. 350.org is calling for our political leaders make this their target.”

Like you can just twiddle a knob and tinker with the climate. Yeah, right.

Read it here.

Carbon Sense – "Why Compromise is Defeat"


Another excellent article from Viv Forbes at the Carbon Sense Coalition:

The next few weeks are crucial. Australians can choose to assist the creation of the World Carbon Rationing, Tax and Redistribution Authority, administered by the United Nations, or we can take a step on the road back to energy and climate sanity.

The first step to sanity is to ensure that the opposition votes at all times to REJECT whatever Ration-N-Tax Scheme the Rudd government tries to get on the law books before the Copenhagen Climate Conclave. We must give no encouragement whatsoever to this international cabal of levellers.

Malcolm Turnbull and the warmist wing of the Liberal Party think that they are being politically savvy and achieving something useful by negotiating with the devil on a few clauses of the ETS (Extra Tax System). In matters as crucial as this, compromise is defeat.

Read it here.

If Higgins votes in Hamilton, they will get what they deserve


Clive Hamilton, enviro-loony from the extreme Left and author of Scorcher: The Dirty Politics of Climate Change, is the Greens’ candidate for the seat of Higgins, vacated by Peter Cosello. If the electorate in Higgins are dumb enough to vote this guy in, they will surely receive their just desserts. The Canberra Times goes typically misty eyed over this brave climate warrior:

”The motivating factor was that I’m just … terrified about climate change. I think it’s a massive problem looming on the horizon and the two main parties are oscillating between being weak and being pathetic on the issue,” Dr Hamilton told The Canberra Times.

He became a Member of the Order of Australia this year for ”contributions to public debate and public policy”, was the ACT finalist for Australia of the Year two years ago and finalist for the Prime Minister’s Environmentalist of the Year in 2001.

Looks like you need to be a climate hysteric to win the gongs in Australia. Nauseating stuff.

Read it here. 

UPDATE: Doesn’t seem to like koalas, either… see here.

"Thousands" will attend climate protests


The dog-on-a-string brigade will be out in force today protesting about the lack of action on “tackling climate change”. So all the usual suspects will be there, namely the Socialist Alliance, Socialist Youth Organisation, Socialist Alternative (like here, for example), oh yes, and a few Greens for good measure. Who says climate alarmism is about social change? And the ABC churns out its usual misleading photograph of CO2 to illustrate the story:

Harmless, colourless CO2, or is it particulates and toxins?

Australia will lead a day of international climate protests calling on world leaders to cut the planet’s pollution and deliver a climate deal in December.

More than 170 countries are taking part in today’s demonstration, with more than 3,000 events planned around the world.

Protesters are concerned that world leaders, including Prime Minister Kevin Rudd, have not delivered strong enough emissions targets to avoid runaway climate change.

The day of protests kicks off in Australia with thousands expected to attend more than 230 events organised across the country.

Read it here.

Japan may "water down" emissions promise


But hang on – surely they should be following us Aussies in locking in binding emissions reductions before Copenhagen, so that whatever happens in December they will be obliged to meet them. Why would they possibly want to wait until after Copenhagen? That’s cheating! Then they’ll know what the rest of the world is doing and can respond accordingly!

JAPAN cautioned that it could water down planned 2020 cuts in greenhouse gas emissions if other rich nations fail to make deep reductions as part of a UN deal due in Copenhagen in December.

In Brussels, a draft report showed that European Union states were preparing to endorse an estimate by the European Commission that developing countries will need about €100 billion($150.1 billion) annually by 2020 to tackle climate change.

Disputes over 2020 emissions cuts by developed nations and the amounts of cash to help developing nations combat global warming are among the main sticking points in sluggish UN talks meant to end in Denmark on December 18 with a new treaty. [Ha, ha, stop it! My aching sides!]

The possibility is not zero,” Japanese Environment Minister Sakihito Ozawa said when asked if Japan could change its 2020 target of cutting emissions by 25 percent from 1990 levels if Copenhagen falls short on ambition.

He declined to say what alternative target Japan, the world’s fifth biggest emitter of greenhouse gases, had in mind for cutting emissions, mainly from burning fossil fuels.

Japan’s 25 per cent offer made last month is tougher than that put forward by the previous government and among the deepest by any rich nation.

“As environment minister, I want to go ahead with this pledge, but the government announced it with a precondition at the United Nations (climate change summit last month) so of course it could change,” he said.

Gee, waiting until after Copenhagen? That seems sensible. Maybe Krudd & Co should consider it…

Read it here.