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Too much luck: The mining boom and Australia’s future : Comments
By Everald Compton, published 8/11/2011Paul Cleary on the resources boom as a blessing and a curse.
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A major question that is not asked is how is it that coal and LNG exports are going gangbusters when we face carbon tax at home? Other exports such as iron ore must be linked to coking coal exports. The buyers are countries who promised to cut carbon emissions but for some reason never got around to it. I think we should carbon tax coal and LNG exports and the importing countries can ask for a tax refund for green programs. If they can get the coal and LNG as conveniently somewhere else good luck to them.
What I'm saying that if you subject export coal and LNG to proper carbon constraints (as opposed to phony) then a big chunk comes out of the resources boom. That in turn will affect exports of metal ores notably iron ore. If carbon is a global problem then Australia is a major part of that problem