Australia

Aug 9, 2011

Parkinson: why the carbon crash is good

Of all the equity and commodity prices that plunged last week in the global market carnage, the most dramatic falls came in the European and international carbon price.

Of all the equity and commodity prices that plunged last week in the global market carnage, the most dramatic falls came in the European and international carbon price. And, curiously, it all occurred to the sound of wide applause.

3 comments

Leave a comment

3 thoughts on “Parkinson: why the carbon crash is good

  1. Harvey Tarvydas

    Dr Harvey M Tarvydas

    An excellent, informative and interesting piece Giles Parkinson.
    This is the international discussion, sophisticated by our standards, on the carbon price for the day while Australians discuss, freak out and can’t understand the conflicting gibberish about a ‘carbon tax’ that doesn’t exist and never will because a politician, a Rhodes Scholar at that, has got ‘carbon tax’ stuck on loud replay in his megaphone and most others from the prime minister down find the megaphone sound ‘carbon tax’ spoofing out of their mouths when they open them. Everybody looks perplexed. Why ‘cause there ain’t one.

    May be you can help me explain that they need to get a good grip on the secret ‘sewer tax’ introduced by a smelly Howard government.
    It goes like this…
    To pay for sewage (pollution) treatment and pipelines everybody who emits sewage pays a price per litre of what they emit/discharge to the sewer.
    Naturally for all businesses whether they emit and pay a lot or not they will pass it on as a cost of business. Government could but won’t pass laws to say you can’t pass on your sewage (cause it smells?).
    Householders will bear the cost of this and can call it (as PM Gillard so foolishly said to a Rhodes Scholar no less) “or you can call it a tax if you must, I know you will”.
    If householders collect their sewage and sell it to market gardeners they will avoid paying the sewage emission/discharge price/rate but will still suffer the extra costs (tax) of others adding it to their price of goods and services to which gets added the GST which you think is so OK (paying GST on someone else’s excretions/dumps) where have we got to.
    The problem with Rhodes Scholars, they don’t get …..
    The carbon price is paid by only big emitters (not little poops) who to demonstrate that the price means something to them could not pass it on as a show of good will or the law could forbid it so that the carbon price acts as an incentive but the government will use the money to compensate you as the easier option.
    In a couple of years it will not be a price but a trading commodity with a certificate (like a $100 bill), not a tax either, and bringing profits to the industries which they won’t pass on to you except by completion in cheaper prices and with lots of reusable’s producing electricity the price of that will go down as expensive coal won’t be pushing the price up.
    If you are a good citizen and happy with this revelation you should teach it to all Rhodes Scholars with megaphones.

  2. Harvey Tarvydas

    Dr Harvey M Tarvydas

    The Johnny Howard secret transport tax works the same way but that is paid to transport providers not sewage collectors and then passed on to you the citizen as the secret – nobody knows its there but you pay it still – transport tax.
    Only the secret transport and sewage taxes go up and up and up forever, not the talked about but non-existent carbon tax which disappears in a couple of years when renewables are in place making everything cheaper (and cleaner).

    an Australian conversation designed for Rhodes Scholars. (had to be)

  3. Frank Campbell

    Fascinating. Parkinson scratching around in the detritus of carbon credits, searching for a silver lining…conjuring optimism from debacle…

    Time to make other career plans, Giles.

    Gillard says “coal has a fantastic future”…try that.

Share this article with a friend

Just fill out the fields below and we'll send your friend a link to this article along with a message from you.

Your details

Your friend's details

Sending...