What Does The Carbon Tax Mean For Australia, Wayne Swan?
A CARBON tax is being introduced in Australia. But what effect will it have on the climate? Here’s the money quote from an interview with the country’s treasurer:
LAURIE OAKES: I’m getting this question from a lot of people too … ‘Tell me just how much the temperature is going to drop by if this stupid tax comes into effect?’
WAYNE SWAN: Well Laurie, this is a long-term problem, and the longer we delay, the bigger the damage to both the environment and to the economy. Countries right around the world are putting in place emissions trading systems and other policies to dramatically reduce their use of energy. And indeed, China in the last couple of days has put in place new policies. We’ve got to make a start, because if we don’t, the environmental consequences of that and the economic consequences of that over time are absolutely horrendous.
Such are the facts…
Spotter: Tim Blair