http://www.climatechange.gov.au/whitepaper/report/index.html
White paper chapter 9 “Auctioning of Australian carbon pollution permits”
So once you run out of your paid for, or free handed out permits…......the one with the most money through an auction can get to pollute more than the rest ? ” Money Money Money must be funny in a rich mans world” ABBA I believe Oh ! who creates and hands out the permits “Governments” = control of the money flow on everything we buy, sell and consume.
Everthing will have a CO2 value on it
eg Carbon labels set for food products http://www.theaustralian.news.com.au/story/0,25197,25712239-7582,00.html
It looks to me like alot of money will be revolving around in the market and many people of position and in postion will become very weallthy, with little impact on reducing emmissions.
As some have written if green house gases (all types) only equals 5% (and Co2 is only a small part of that 5%) of the atmosphere and Australia contributes only 1.4% of green house gases of that 5% and we currently have a target of reducing our 1.4% by 5% with a possibility of slowing down or preventing temps rising in small increments of 0.1 degrees only if all countries co-operate, we as a country I believe represent a drop of water an olympic size swimming pool.
(If I have not got my percentage’s correct happy to recieve additional information)
Until a full consensus on both sides is fully agreed to and understood, a so called “political” ETS solution should not be implemented.
