Quote:
Originally Posted by Resolute 14
Absolutely you can, especially when the consequences are so great. $8 billion per year axed out of the Australian economy, power prices rise 25%, cost of everything else rises. Individuals and small business bear the burden - article doesn't say but the clear implication is that some small businesses closed and people lost jobs.
And what did it achieve?
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It increased the cost of everything driving consumption down decreasing GHG emissions. You can't look globally when looking at GHG emission cuts or no cuts ever make sense. You need to look at sustainable CO2 output for your population and make the cuts there.
Increasing power costs by 25% makes renewables viable and over 10 years would encourage investment in the supply. 2 years is not significant enough time to see that result. In the short term the cost of everything rises which encourages investment and R&D into alternative technologies or more efficient use of current technologies. Overtime these technologies come to market and are lower cost displacing the higher cost CO2 options.
If you are actually serious about cutting CO2 emissions for your country then the cost of everything increases. This is what forces the market to act.