LAST Wednesday, I had the privilege of appearing in front of the Australian Senate Select Committee on Climate Policy.
My main advice to the committee was that making a decision regarding an Emissions Trading Scheme (ETS) must be considered as a cost:benefit matter.
According to the only estimates that I could find, after ramp-up the cost of the Rudd ETS scheme is going to be about an additional $3,500 tax per year per Australian family. On the other side, the benefit will be a theoretical (i.e. modelled) reduction in temperature of less than 1/1000 deg. C.
I asked the committee if they had such figures in front of them (they didn’t), and expressed willingness to drop my estimates in favour of better-founded ones if the committee could provide them. Not a finger, or tongue, stirred!
Beyond recommending that a proper cost:benefit analysis should apply, I argued also for the implementation of a (Plan B) policy of adaptation to climate change in place of the intended (Plan A) emissions trading system. This follows the policy that I espoused in a recent talk at the New York Heartland-2 Climate Conference, a written version of which has been published in the April edition of Quadrant.
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Jennifer Marohasy BSc PhD has worked in industry and government. She is currently researching a novel technique for long-range weather forecasting funded by the B. Macfie Family Foundation.