THE big news in Australia at the moment is yesterday’s Prime Ministerial announcement that Australia will cut its greenhouse gas emissions by 5 per cent of 2000 levels by 2020, but could cut up to 15 percent if other countries also sign up to stronger reductions.
In response to criticism that the target is too low, the Prime Minister, Kevin Rudd, has said this is really equal to a 27 percent reduction in “carbon pollution” for each Australian from 2000 to 2020 or a 34 percent reduction for each Australian from 1990 because of population growth.
I find it somewhat amusing that the government can get away with committing to something that won’t be achieved for 12 years – a few full parliamentary terms there – and something that can be explained away as just 5 percent or, as the audience changes, a significant 34 percent!
But what the average Australian would probably like to know is how much this economic intervention will push up prices, in particular the price of basics like the home electricity bill.
[Read more…] about Australian Government Commits to an Emissions Reduction Target

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.