[/QUOTE]Originally Posted by Chatto
I would like to see emission trading go ahead and spur on new industries in renewables.
There is a serious reshuffling of cards going on now and the money waiting on the sides for the bottom will want to invest in stable long term investments, the tech bubble burst and now the financials bubble burst, there has to be new and inovative markets to drive wealth, renewables should play a part in that.?[/QUOTE]
why not just whack a huge tax on surgical procedures and spawn a new health care industry whilst we are at it?
Yes, I agree Ausprop. Hey, lets also tax exports out of existance as well. Don't need em. The aluminium smelting is better off in China. Get rid of the north west shelf energy industry, What good is it? Agriculture? Just destroys the environment. Lets put a woppin great tax on that too and get it out of the country.
We can import all our food. Import everything. Our whole economy could be based on financials and housing and retail and tourism. Woo Hoo. Just like the Poms.
http://www.theaustralian.news.com.au/story/0,25197,24345942-5013404,00.html
........"THE Rudd Government's attempts to combat climate change through an emissions trading scheme will do more damage to the farming sector than the drought, senior industry figures warned yesterday.
The claims were made as new economic modelling showed farm profitability under the proposed trading scheme could drop to zero. The research by the Australian Farm Institute suggests that under an ETS, the $100 billion sector could be forced into debt, with livestock farms and smaller holdings worst affected".........
........"Under scenarios where farmers are required to pay the full cost of estimated farm emissions, the modelling projects farm profit reductions of more than 100 per cent, especially for farms running sheep and cattle," he said.
"The sector, which is fully trade-exposed, is going to be significantly impacted."
The institute's findings mirror recent modelling from New Zealand's Ministry of Agriculture, which showed profitability across all farm types plummeting under an ETS'........
........."We will be less competitive on world markets from 2010," Mr Cherry said. "With 70 per cent of agricultural produce exported, there is no opportunity to pass these costs on. It's going to cost a fortune. It is an insanity."............
See ya's.