 | Australian Election: Peak Oil Policy Responses | TOD: Australia/New Zealand | The Bullroarer - Tuesday 27 November 2007 |  |
4 comments on The Bullroarer - Monday 26 November 2007
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At current rates of population and economic growth (last 5 years' average 3.24%) Australia in 2020 could be using 50% more energy than today. If only 20% comes from renewables as pledged we will still be using 20% more fossil fuels than we are today.
Agreed - these sorts of targets aren't all that helpful (something we've discussed before).
Its better to aim for a percentage reduction of present day emissions - eg reduce emissions by 60% by 2030 or suchlike.
In the real world, I still thinks its better to implement a carbon tax, make the rate increase monotonically over time, give people a tax cut to compensate and put some sort of penalty into WTO trading rules for non-compliers.
The tax and tariff systems already exist and are vigorously enforced, and thus have some hope of making cuts in emissions real by virtue of making them uneconomical.