As of the 1st of July this year Australia has adopted a "Carbon Tax"
The price of carbon under this scheme is set at $23AU (about the same in Euro and $US, about 15 pounds Stirling) per tonne. Other carbon schemes in the world price carbon at $5/T.
So how does Australia control the weather? Well calculations show that in 300 years the effect of the tax will reduce the heating effect of atomospheric carbon dioxide by 0.2 degrees centigrade. All for the bargain price of $300 million per year!
The opposition party, the Liberals (it's just a name, it doesn't mean the believe in liberation) promise to remove the carbon tax if it gains office at the next election. The problem is that if they get in then the removal of the sweeteners of increased benifits for the sheep and increased tax free threshold for the productive class will be immensly unpopular. I forsee another broken election promise.
Should the carbon tax remain for any reason the next problem will come in 2015 when the $23 per tonne is ditched and the market opens up to international trade. If the world price is still around the $5/T mark the the government will run out of money (just like Greece except much faster).
Hooray for our intelligent and noble masters! The world is once again a safe and enjoyable place to live!(TWITS!)
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