Last night Rudd and Penny Wong announced a treasury report that indicated that there would be little economic cost in their global warming tax scam.
So we have IPCC General Circulation Models that have failed consistently to predict the world’s cooling temperature, and Federal Reserve Financial models that failed to predict the biggest financial collapse for 100 years, but we are asked to believe Australian Treasury Computer Models that say a massive new tax and dislocation of every important Australian industry will have no significant effect.
One of the adjustment factors used to achieve this Wong result for Minister Wong is the assumption that Australian industry will be able to buy foreign carbon credits much cheaper than they would be in Australia. So we pay big dollars to a Carbon Trader operating in Pakistan and Nigeria, he gets his mates to not cut down a forest they were planning to clear, and all is OK according to Minister Wong and her boffins with the computer.
This from The register: -
Snow fell as the House of Commons debated Global Warming yesterday - the first October fall in the metropolis since 1922. The Mother of Parliaments was discussing the Mother of All Bills for the last time, in a marathon six hour session.
In order to combat a projected two degree centigrade rise in global temperature, the Climate Change Bill pledges the UK to reduce its carbon dioxide emissions by 80 per cent by 2050. The bill was receiving a third reading, which means both the last chance for both democratic scrutiny and consent.
The bill creates an enormous bureaucratic apparatus for monitoring and reporting, which was expanded at the last minute. Amendments by the Government threw emissions from shipping and aviation into the monitoring program, and also included a revision of the Companies Act (c. 46) "requiring the directors’ report of a company to contain such information as may be specified in the regulations about emissions of greenhouse gases from activities for which the company is responsible" by 2012.
Recently the American media has begun to notice the odd incongruity f saturation media coverage here which insists that global warming is both man-made and urgent, and a British public which increasingly doubts either to be true. 60 per cent of the British population now doubt the influence of humans on climate change, and more people than not think Global Warming won't be as bad "as people say".
It was all deeply sanctimonious, but no one pointed out that Europe's appetite for setting targets that hurt the economy has evaporated in recent weeks - so it's a gesture few countries will feel compelled to imitate. …….
Yesterday, however, it seemed that the only MPs exhibiting enough "consciousness" to actually think - and ask reasonable questions about cost and effectiveness of the gesture - got a good telling off.
The Bill finally passed its third reading by 463 votes to three.
And an Attempt to Clear some Garbage in Brisbane:
In a formal submission to the Queensland government, the Carbon Sense Coalition said that the tsunami of climate alarmism had reached its zenith.
As it recedes, a new climate of scientific scepticism and economic austerity will sweep green extremism from the political landscape.
There will be no support for profligate spending on green baubles and beads, and no capacity for consumers or our basic industries to cope with the costs and dislocations of an Emissions Trading Scheme, especially as it becomes clear that nothing we can do will affect global temperatures.
The Queensland Government should forget party solidarity and instead stand up for the interests of the workers and consumers of tomorrow’s Queensland. These people want real industries producing useful goods and services and an end to speculative waste on feel-good causes like man-made global warming.