Terry McCrann is certain that the Global Financial Crisis will ensure that Kevin Rudds / Ross Garnaut’s emissions trading scheme will not eventuate in 2010.
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“BEAUTIFUL. The release of the Garnaut report could not have been better timed. It was dead, dead, dead, before it hit the table.
The dark greens and all the climate carpetbaggers and main-chancers who have sprouted like weeds at the prospect of sharing in the 21st century theological rents will come to look back wistfully at his - original - modest emission reduction targets.”
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After reading the Garnaut report Terry, I can tell you that almost everybody in Rural & Regional Australia hopes your right.
Seems that the specter of a recession in Europe is causing more than a few members of the European Union to also have second thoughts.
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“Poland has joined Germany in calling for industry exemptions to EU climate rules as a recession in Europe’s major economies is casting doubts on whether Brussels will be able to push through its ambitious CO2 reduction programme.
German Chancellor Angela Merkel announced that her government “could not support the destruction of German jobs through an ill-advised climate policy”, the Financial Times reported.”
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Heres Hoping, that it is dead, at least until after Copenhagen in December 2009 when we can see if the big emitters are willing to act.
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If the financial crisis hits hard we’ll be hard pressed to keep global carbon emissions high enough to need to worry about an ETS. They’ll be giving permits away.
Did you read that full report by McCrann - I assumed I was reading some obscure right wing blog… then of course I realied I WAS reading an obscure right wing blog - namely the Herald Sun website. I guess with Bolt on hols someone has to emit some more hot air.
G’day MattB,
Yes mate you are probably correct in saying the financial crisis will slow global emissions. I’m thinking that it’s recession that we needed to have (Paul keating Esq ).
LOL - I’m pleased you got the subtleness of the link. Really just wanted to cheer myself up a bit. Was getting a bit depressed as I realised how badly rural & regional Australia will fare under the ETS.
Cheers mate - thanks for that.
At least he says it as he sees it