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Australia Dumps Carbon Trading Scheme

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Watts Up With That?
Tuesday, April 27, 2010

WUWT reader Chris M Writes in Tips and Notes to WUWT

Have you noticed that the Australian PM, Kevin Rudd has dumped his CTS until at least 2012. This was his key platform at the last election, when he described global warming as “the greatest moral imperative of our time”.

Australia Dumps Carbon Trading Scheme

How the times have changed.

Anyway, his Minister for Climate Change, Penny Wong, is too busy cleaning up after his botched home insulation scheme to be able to devote any time to climate change.

I recommend Dennis Shanahan’s excellent comment in The Australian newspaper http://www.theaustralian.com.au/news/opinion/pm-delays-emissions-trading-scheme-as-inconvenient-political-truth/story-e6frg75f-1225858920473

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  • A d v e r t i s e m e n t

A scheme indeed. Well said Chris. Andrew Bolt has more: The greatest reversal of dud policies in our lifetime

Add this to the collapse of the Kerry-Leiberman-Graham bill in the U.S. Senate this week, and all of the sudden it’s been a really bad week for alarmists.

Of course anybody with half a brain can see that carbon trading is flatlining here in the USA.

Australia Dumps Carbon Trading Scheme 031212100426023CCX2003

Carbon is waaayy down from the high of over seven dollars a ton to ten cents a ton and has been at that level for months. The data is from the Gore-Pachauri sponsored Chicago Climate Exchange (CCX)

CCX CFI Vintage 2010 (Quoted in mt CO2)
Australia Dumps Carbon Trading Scheme spacer

Australia Dumps Carbon Trading Scheme 091028100426003CCX2010

Do I hear a nickel?

This article was posted: Tuesday, April 27, 2010 at 10:43 am





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