There’s no way Independent senator Nick Xenophon will support the Rudd governments emission trading scheme in its current form.
Senator Xenophon [pictured] said the Government’s proposed Carbon Pollution Reduction Scheme would lead to a massive churn of funds from industry and households to government and back as compensation, as well as higher-than-anticipated costs.
He pointed to modelling by Melbourne consultants Frontier Economics to warn that the CPRS could collect up to $80billion a year that would need to be reallocated.
“The scheme is all stick and no carrot,” he said.
“If the design is wrong, we shouldn’t do it.”
What hope has Australian Agriculture got of surviving the adverse impacts of the emissions trading scheme with our current Agriculture minister Tony Burke saying this in defending the ETS proposal:
“We’ve got the balance there in the Carbon Pollution Reduction Scheme to make sure that industries can deal with the challenges of the transition whilst making sure that Australia is part of the economy of the future and can credibly argue for significant emissions reductions for the major emitters around the world,
” Mr Burke [pictured] said.
That ‘balance’ the minister speaks of is turning 84 million acres of prime agricultural land into carbon sink forests and wiping out our livestock industry. Under the proposed emissions trading scheme, in 10 years time we won’t need a minister for agriculture, they can replace that with a minister for trees.
Have your say!
