The Forum > Article Comments > An ethical and sustainable Australia makes sound business sense > Comments
An ethical and sustainable Australia makes sound business sense : Comments
By Simon Divecha, published 29/12/2005Simon Divecha argues Australia needs clear policy leadership on greenhouse gas emissions.
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Yabby - transfer of manufacturing capacity to China and India is happening and you are correct, such transfer will facilitate apparent compliance by “developed” nations from ridding themselves of their high-energy manufacturing bases.
Thus, your assertion regarding the effectiveness of Kyoto is also correct.
The real issue with Kyoto is the completely artificial and politically contrived carbon credits exchange system put up to tax developed country consumers (the ultimate funding source of all government largesse) and hoodwink us into subsidising competitors in underdeveloped countries for our own domestic market needs.
Carbon Credits is a myth. The Sydney Stock Exchange might have a futures market for them but every market (including futures) relies on one thing - the ability to effect exchange – now since the method of counting carbon emissions is flawed and inaccurate, whatever follows is flawed and inaccurate. Inaccuracy (and Carbon Accounting is as scientific and accurate as the magic of Merlin or the alchemists “science” for making gold), is no basis for exchange when dealing in any service or commodity.
I recall other artificial market devises used in the EEC produced, as well as butter mountains, olive oil lakes. These lakes were successfully harvested by the Italian mafia in one of the EEC’s biggest scams.
Carbon credit, the instrument of delivery and supposed practical implementation of Kyoto, will end up a SCAM, only world wide instead of just European. That is not only a possibility – it is an absolute certainty and the ones who will be “scammed” – you and me through artificially increased commodity, product and utility prices.
Noting the United Nations involvement in This whole scheme is no reassurance. If you thought Iraqs Oil for Food program was an absolute cesspool of UN corruption, then think how bad Carbon Credit trading is going to end up.