Wednesday, October 29, 2008

The 'real' cost of carbon trading in Australia

Here are some good quotes from Peter Israel (General Manager of Origin Energy) about what he felt would be the real cost of an emissions trading scheme in Australia.

“I looked at what the economic modelling is telling us as to what an Emissions Trading Scheme (ETS) will do to Australian business and there is a lot of hot air about the issue,” said Peter Israel.

“For example, the Garnaut Report and the Climate Roundtable work indicate the economy will grow only slightly less quickly when you have an ETS - it is 0.1% per year reduction in GDP" he said.

“People think it's doom and gloom and we will all be broke, but already hundreds of organisations are focusing on some element of the carbon economy …" he said.


** If you enjoyed this post please also check out:

Some interesting podcasts on climate change
Communicating Climate Change
A Brief Analysis of COP 14 & COP/MOP 4
Climate Change Adaptation and Mitigation in Development Programs
So please, tell us what you think.

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