The really sad part is it won't make a drop-in-the-bucket difference. The scheme is projected to cut 159 million tons of carbon pollution from the atmosphere by 2020. While Australia is doing this, China will increase their carbon emissions by 496% by 2020. If Australia completely eliminated carbon emissions today, it would only make a 15 thousandths of one degree of warming (0.0154 °C) difference by 2050.
Washington Examiner – Australia’s tax on carbon emissions will cost Qantas 110 million to 115 million Australian dollars ($118 million to $123 million) for the 2013 financial year and lead to an increase in passenger fares, the airline said Monday.
The flagship Australian carrier is one of the first of the nation’s major companies to release details of the financial impact of the tax, which will force the 500 worst polluters to pay AU$23 for every ton of carbon they emit.
The government released details of the tax on Sunday, saying it would help Australia lower its massive carbon emissions. Australia is one of the world’s worst greenhouse gas polluters because of its heavy reliance on coal for electricity.
"Australia is one of the world’s worst greenhouse gas polluters because of its heavy reliance on coal for electricity."
Nice try, Washington Examiner, but we see right through your attempt at scare-mongering against the use of coal for energy production. You know what it's called, when blatant propaganda like that is masqueraded as "news"? Answer: HACK journalism.
All the trees of the world shouting: "Long live the gazcarbonique !"
and also: "Thank you China !"
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