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It’s the greening of industry, stupid… : Comments
By John Mathews, published 26/7/2011One has to ask why the government is putting itself through the travail of the bad-tempered debate over the carbon ‘tax’ portion of the package.
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It's all so reminiscent of our own Barry Jones and his promotion of 'sunset' and 'sunrise' industries in the 1980s when he was Minister for Science. Sunrise industries like shape-memory alloys and new superconductors would displace moribund sunset industries based on Australia’s natural resources. For a while there it was embarrassing to confess to be connected with the minerals and energy sector. Why waste your time when it will all be dead soon? Now, the only memorable shape is the pear. Oh, how things have changed.
But the blatant picking of winners in John Mathews piece is only part of its problem. He totally ignores the key role of energy in creating wealth and the crucial problem of replacing fossil fuels as the source of our prosperity. No-one is suggesting that mining coal is a beautiful activity or that burning gasoline is an uplifting experience. But these energy intense fuels just happen to be an inheritance that humans have ingeniously exploited to create all the goods and services we now rely on, presently at the rate of $124 per gigajoule of raw energy (the Australian figure, as well as the global average). There is no sign of anything else (aside from nuclear energy) close to their effectiveness and convenience. Something might turn up, of course. But to plan to shut all of that down while blithely ignoring the lack of replacements is reckless, to say the least