In a trade between two of Australia's oldest companies,carbon emissions have been given an initial price of $19 a tonne before the Federal Governments emissions trading scheme
which begins in 2010.
When it begins, power users could be liable for nearly $12 billion in extra electricity costs a year.
I suppose this is where that 'boom' bit comes in, to bad their slow learners and haven't woken up to the fact the only one's benefiting from the BOOM are government & industry.
An analyst said 'she expected the government to recycle some of the money from auctioning carbon emission permits to compensate people for higher prices.In a recent deal AGL Energy sold Westpac 10,000 tonnes of emissions trading units in a transaction which will settle on February 1, 2012.
The emissions trading scheme is obviously going to have a significant impact on the pricing of electricity.In Europe where carbon is traded regularly emissions are sold in batches of 10,000 tonnes,Westpac traded 1 million tonnes in that market last year.Mr Fraser commented that "Ultimately this will be a several billion dollar-a year market,it's a whole new energy economy that's been created here".
The Federal Government unveils its green paper on an emissions trading scheme in July, and will draft legislation in December.
Our point in regard to Carbon Trading is, at the end of the day it's still going to end up in the atmosphere except governments have found another way to make more money.Government have said they will plant more trees, so why are they continuing to log the old growth Forests & allowing industry to clear fell more land for mining.
Where are all the trees they've planted,where is the renewable energy solar,wind farms or wave power?
If the government of the day had the intelligence they would realise it's time to slow the boom down and look at the long term benefit,but that takes vision which they seem to be lacking.By slowing the economy ie gas & iron-ore why not use the OPEC Countries system ( supply and demand) have a long term benefit for ALL Australians instead of selling our country off at bargain basement prices. Stop importing labour just to make a quick buck for the now.
which begins in 2010.
When it begins, power users could be liable for nearly $12 billion in extra electricity costs a year.
I suppose this is where that 'boom' bit comes in, to bad their slow learners and haven't woken up to the fact the only one's benefiting from the BOOM are government & industry.
An analyst said 'she expected the government to recycle some of the money from auctioning carbon emission permits to compensate people for higher prices.In a recent deal AGL Energy sold Westpac 10,000 tonnes of emissions trading units in a transaction which will settle on February 1, 2012.
The emissions trading scheme is obviously going to have a significant impact on the pricing of electricity.In Europe where carbon is traded regularly emissions are sold in batches of 10,000 tonnes,Westpac traded 1 million tonnes in that market last year.Mr Fraser commented that "Ultimately this will be a several billion dollar-a year market,it's a whole new energy economy that's been created here".
The Federal Government unveils its green paper on an emissions trading scheme in July, and will draft legislation in December.
Our point in regard to Carbon Trading is, at the end of the day it's still going to end up in the atmosphere except governments have found another way to make more money.Government have said they will plant more trees, so why are they continuing to log the old growth Forests & allowing industry to clear fell more land for mining.
Where are all the trees they've planted,where is the renewable energy solar,wind farms or wave power?
If the government of the day had the intelligence they would realise it's time to slow the boom down and look at the long term benefit,but that takes vision which they seem to be lacking.By slowing the economy ie gas & iron-ore why not use the OPEC Countries system ( supply and demand) have a long term benefit for ALL Australians instead of selling our country off at bargain basement prices. Stop importing labour just to make a quick buck for the now.
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