The Climate Institute warns on Emissions trading policy
May 28th 2007 06:21
The Climate Institute warns on Emissions trading policy
Pretty good article to get a clear picture on how inaction will hurt our hip pockets directly. click here for full article
Like I have said before nothing like the bottom line to wake us all up into wanting the Government to do something. These guys are saying our electricity prices will go up if the government does nothing or takes a light handed approach to Carbon Pricing.
They also make a comment on the nuclear power issue saying that Nuclear power isn’t really a viable solution to the problem. Here is an extract from the article but its worth a read in its entirety.
Only days until the PM’s roundtable submissions are due.
Part of the Yahoo Article
Making significant cuts to greenhouse gases from our electricity sector is affordable and achievable if we act now with a realistic carbon emissions trading scheme, a market-based clean energy target and comprehensive energy efficiency policies," Mr Connor said.
"Accounting for 30 per cent of Australia's overall greenhouse pollution, our electricity sector needs to make a decisive switch to clean energy but it should be backed up with an economy-wide approach that links into international carbon markets."
Wholesale electricity prices under the wait-and-see approach would rise from $38 per megawatt-hour in 2008 to only $46 from 2010-2020 but nearly double to $87 in 2031-40.
Under the mixed scenario, the price would initially soar to $63/MWh in 2010-20 and reach $73 in 2031-40.
The report says the inclusion of even a moderate energy efficiency program with a trading scheme would reduce the electricity sector's cost of achieving the reduction target by near 50 per cent, or about $12 billion.
It also says introducing nuclear power would make only a modest contribution to reducing emissions by 2050 because of the time it would take to establish the new power source.
Pretty good article to get a clear picture on how inaction will hurt our hip pockets directly. click here for full article
Like I have said before nothing like the bottom line to wake us all up into wanting the Government to do something. These guys are saying our electricity prices will go up if the government does nothing or takes a light handed approach to Carbon Pricing.
They also make a comment on the nuclear power issue saying that Nuclear power isn’t really a viable solution to the problem. Here is an extract from the article but its worth a read in its entirety.
Only days until the PM’s roundtable submissions are due.
Part of the Yahoo Article
Making significant cuts to greenhouse gases from our electricity sector is affordable and achievable if we act now with a realistic carbon emissions trading scheme, a market-based clean energy target and comprehensive energy efficiency policies," Mr Connor said.
"Accounting for 30 per cent of Australia's overall greenhouse pollution, our electricity sector needs to make a decisive switch to clean energy but it should be backed up with an economy-wide approach that links into international carbon markets."
Wholesale electricity prices under the wait-and-see approach would rise from $38 per megawatt-hour in 2008 to only $46 from 2010-2020 but nearly double to $87 in 2031-40.
Under the mixed scenario, the price would initially soar to $63/MWh in 2010-20 and reach $73 in 2031-40.
The report says the inclusion of even a moderate energy efficiency program with a trading scheme would reduce the electricity sector's cost of achieving the reduction target by near 50 per cent, or about $12 billion.
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