Climate policy is a mug’s game of liars and stooges

To hear the embiggeners of climate change alarmism talk, ?decarbonising? our economies is not just necessary to save Mother Gaia from imminent climate change DOOM! but easy and painless. Just say the magic word ?renewables?, and those polar bears plummeting from the sky will be replaced by rainbows, and we?ll all live happily ever after in a green utopia.

But the real world doesn?t work like that. Quote:

Anyone who believes that Australia can significantly reduce its greenhouse gas emissions over the next decade without major economic cost is seriously misinformed. End of quote.

No politician today would dare say anything as blunt as, ?I have nothing to offer but blood, toil, tears, and sweat?. Instead, we get fed platitudes about ?the great moral challenge of our time?, but all the hard stuff is conveniently glossed over. Quote:

At the political level, the avoidance of discussion about the real costs of climate policy is an ongoing source of frustration to me as an economist who has been engaged in this area since 1992.

And with another federal election looming, how can voters be expected to make informed choices about transformative climate policy if they are not told the full story? End of quote.

I think the point is in fact that voters don?t get to make informed choices. Everybody wants ?the gummint to do somethin?!?; nobody wants to pay for it. Quote:

To better inform the debate about the costs of abatement, BAEconomics for the first time has modelled the economic impacts of six different scenarios for meeting the respective targets of the two major parties. In all scenarios we have assumed the least cost way of meeting the targets and that other countries meet their targets.

Tellingly, our work shows that under any scenario there is a notable economic cost in terms of reduced GNP, job losses and lower real wages compared to what otherwise would have occurred. The cumulative GNP loss out to 2030 ranges between $A80 billion and $A1.2 trillion and job losses in 2030 range between 78,000 and 586,000 depending on the approach. Real wages will also be reduced by 2 per cent at the lower end up to 23 per cent. End of quote.

Have a guess which party?s cost to the economy is the most expensive, and will cost the most jobs? Go on, take a stab in the dark. Quote:

Assuming all countries meet their Paris commitments, the projected international carbon price in 2030 is $US42/t CO2e.

The government’s reduction target, results in an estimated shadow carbon price of $A92/t CO2e. By comparison, meeting the opposition’s heftier targets would result in a carbon price of $A326/t CO2e if it also adopts the Kyoto carryover provisions. Without using the carryover that price would more than double to $A696. End of quote.

afr.com


So, even in the best case for the Australian taxpayer, the Morrison government?s scheme, Australians will still be paying double the rest of the world. Labor?s idiotic utopianism will cost us more than ten times what everyone else pays.

No wonder politicians don?t want to have a serious, fact-informed debate about climate policy. They?d rather play us for mugs.

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