Trans-Tasman Emissions Trading Scheme Challenge: Part Two

With the passage of the Australian “Clean Energy Future” legislation, Simon Johnson (aka Mr February) makes another trans-tasman emissions trading scheme comparison.

Yesterday the Australian Parliament adopted legislation for its greenhouse gas emissions trading scheme. It’s time, therefore, for another post on the theme of the “Trans-Tasman Emissions Trading Scheme test series”, looking at the key differences between the New Zealand Emissions Trading Scheme and the Australian Emissions Trading Scheme. The number one key difference between the two emissions trading schemes is in how clearly each scheme sets the carbon price.

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Southern lights

If you watch nothing else today, take the time to look at this spectacular movie of an aurora australis taken by the International Space Station on September 17, and made available by NASA’s Earth Observatory a couple of days ago. Not really climate-related, unless you’re into solar/climate linkages, but posted because the images are spectacular. And it is an atmospheric phenomenon…

[SJD]

Rash Brash and the potty peer’s PR pratfall

The schedule for “potty peer” Christopher Monckton’s visit to New Zealand next week has now been finalised. He’ll be visiting Auckland, Wellington and Whangarei, but there’s no sign of any of the high-profile debates his sponsors were so keen to set up. ACT party leader Don Brash is joining in the fun, accusing the Greens of being “yellow” (geddit?) for refusing to debate with the good Lord:

Apparently the Greens are prepared to cripple our economy and condemn us all to subsistence living with dopey measures designed to stop the planet warming, but they’re not prepared to debate their reasons for doing so with a reputable opponent.

Brash considers Monckton reputable? Really? That reflects very poorly on Dr Don, unless he considers that a reputation for misrepresenting scientific research and calling his opponents Nazis or Hitler Youth is somehow respectable. Perhaps that sort of thing is now de rigueur on the extreme right…

One of the stranger aspects of Monckton’s visit is that the Public Relations Institute of New Zealand (PRINZ) is organising two of his appearances, in Auckland and Wellington. A little digging into the background of the PRINZ events reveals tantalising hints that fossil fuel interests in New Zealand could be tacitly supporting the potty peer’s short tour.

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The Climate Show #16: Keith Hunter on oceans, acids and the carbon cycle

We learned a lot this week, as Professor Keith Hunter of the University of Otago, one of the world’s leading ocean chemists, gave us a masterclass on ocean acidification and what it means for the future of the oceans. Plus we discuss Australia’s new carbon tax, green growth campaigns in New Zealand, why China’s aerosols may have been doing us a favour and why cleaning them up might unleash more warming, and climate models having trouble with rapid climate events. On the solutions front we look at a tiny electric aeroplane setting a new speed record and a solar initiative in NZ. No John Cook in this show, but he’ll be back soon.

Watch The Climate Show on our Youtube channel, subscribe to the podcast via iTunes, listen to us via Stitcher on your smartphone or listen direct/download from the link below the fold…

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The Trans-Tasman carbon test

Hot Topic reader and regular commenter Simon Johnson (aka Mr February) was spurred by the discussion here about Australia’s new carbon pricing policies to dig into the details. In this guest post he looks at how the new Aussie scheme compares with NZ’s Emissions Trading Scheme…

I have to admit I did rush to conclude that the Australian carbon pricing scheme would be a “leapfrog” ahead of the NZ Emissions Trading Scheme. I also admit that I generally think the NZ ETS is worse than nothing as a policy to reduce GHG emissions. So of course the Australian scheme must be more effective!

Now that I have actually read Julia Gillard’s carbon pricing proposal I can offer a slightly more considered opinion. The carbon price scheme has a name which we should be using; Securing a Clean Energy Future. The full document is Securing a Clean Energy Future, The Australian Government’s Climate Change Plan, Commonwealth of Australia 2011, ISBN 978-0-642-74723-5.

First of all, the ‘Clean Energy Future’ is not a carbon tax. It is a cap and trade emissions trading scheme with a safety valve. Page 25 says:

“Large polluters will report on their emissions and buy and surrender to the Government a carbon permit for every tonne of carbon pollution they produce.”

That’s very much an emissions trading approach, but with a fixed carbon price for three years. The price is $AU23 per tonne from 1 July 2012, then $AU24.15 in 2013-14 and $AU25.40 2014-15 (p 26). From 1 July 2015, the carbon price will float within and upper and lower ceiling with the Government setting an overall ‘Cap’ or limit on GHGs (p 27).

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