In a momentary fit of madness we have allowed the government to tax the very air that we breathe. Now it's time to repudiate this insane nonsense.

An interesting and informative article.

First let's be clear in our concepts and terms. It's not a market for carbon or carbon dioxide. It's a market for tax receipts.

So basically it looks like the market price must be the price resulting from
a) the premium imposed by governments in restricting productive activity by a given money amount per unit of carbon dioxide, thus causing people to freeze in their homes, minus
b) the discount in the value of the scheme in its own terms, which reflects governments' inability to force and threaten the masses of ordinary people into complying with their daft and wicked scheme to adjust the weather in 500 years time by taxing the air we breathe.

"Behold, all is vanity and vexation of spirit."
Isaiah

"Second, no one has been able to design a taxation scheme for carbon dioxide that is effective, free of rorts and not unduly repressive in terms of jobs lost and other serious economic."

Fancy that. And what were the arguments of the tax's opponents?

The very idea that the government would control all the carbon oxidation and reduction reactions in the world, just tells us all we need to know about this absurd belief system.

I know its portentous but the carbon [CO2!] tax is a tax on life.

I'll conceived and described from the start [a greenhouse does not warm through 'trapping' of radiation but through curtailing of convection] the tax has been infiltrated by criminal enterprise from day one.

The role of the tax was to prevent use of cheap, efficient and plentiful fossil energy. By erecting trading scenarios within a shrinking market the object was to make use of the fossils too dear and for a parity price for renewables to be introduced.

But renewables don't work at any price; that is at the current energy usage and resulting social structure.

The tax is therefore designed to deconstruct the Western social model. This model has been the most beneficial to human survival and expansion.

Ergo the tax is a tax on life.

This is simple first principles. Looked at in this fashion the proponents of the tax are simply enemies of the Western society. Given this I don't understand why they are given moral ascendency.

The atomic weight of a carbon atom is 12, and that of CO2 is 44.

This means that the carbon tax of $23/t on CO2 is actually a tax of $84 per ton of carbon (or roughly per ton of coal or diesel etc) but it sounds better to use the lower figure.

I notice that Juliar and Whine are quite happy to leave the carbon tax black hole, and the unfunded NDIS and Gonski budget blasters to the next parliament.

Well thanks for a sensible article.

Thank god that this particular bubble has burst. This one really needed to.

Well the first thing we should know about an ETS, is the 140 billions PA, that could be earned by paper shuffling carbon brokers, who want this scheme and a universal/global application!
The second thing is that the European model is reportedly, both highly flawed and seriously rorted?
It's like granting various entities a virtual licence to print (Ponzi) money. I mean, some are already talking about creating a carbon derivative market?
Making it work, will require a veritable army of bureaucrats to police it.
The current European market price, also means it costs more to collect than it earns as revenue.
We should junk it now,before it begins to cost us more jobs and industries.
If we really want to go down this path, why not a cap and tax model?
Impose a sliding scale cap, which progressively goes down; and only tax the emission above that cap, with a sliding scale tax, that progressively goes up!
Anybody staying under the cap pays no carbon tax!
Those that just don't bother, eventually go out of business!
If we allow so-called offsets, we will simply allow polluters to continue business as usual.
As one other poster noted, the greenhouse effect is a product of increased convection!
Ditto warmer summers and colder winters, worse more destructive storms, droughts and record floods.
Doing nothing is not an option, and we simply cannot allow global ambient temps to rise beyond a tipping point of 2C!
I mean, power stations can mitigate against all smokestack carbon emission, just by the companion growing of algae, and then using that as the basis of highly profitable, additional profit, bio-fuel production.
Better yet, we should just generate all our domestic power supplies where it it required, rather than push it down wires.
Just this much change would immediately half power production needs and carbon production.
The options include natural gas or biogas, and ceramic fuel cells, for just a fraction of current power prices, minus the usual blackouts or brownouts.
Rhrosty.