Carbon tax or no carbon tax aside, what I couldn't understand is that Government modeling on the tax showed that the imposition of the tax or a trading scheme would only reduce the rate of increase in CO2 it wouldn't actually reduce the total.
The major proportion of the reductions were to come from Australia using the income generated by the tax to purchase offsets from other countries. Some of these offsets were to be purchased from EU credits on coal fired power stations in India. The credits issued not because the power station converted CO2 to something green and environmentally friendly, but because it was more efficient than the coal fired power station it replaced, but still emmiting CO2.
How does that help the planet?![]()



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