'Carbon budget' needed for Australia: Climate Institute
The Climate Institute has released a paper outlining the need for a national long-term carbon budget to avoid a two-degree increase in global temperatures.
The report explains that in order to prevent temperatures from increasing two degrees above pre-industrial levels, no more than 1,500 billion tonnes of carbon pollution can be released by 2050, globally.
Numerous assessments have demonstrated that global warming above 2ºC would lead to substantial costs to Australia’s economic, human and natural systems and would exceed the adaptive capacity of key Australian industry sectors.Their "numerous" is backed up by Endnotes 7,8,9,10
Endnote 7 is a report from the CSIRO (This 40-page consultancy report written for the Australian Business Roundtable on Climate Change is by CSIRO's Dr Benjamin Preston and Dr Roger Jones, and addresses the impact of climate change on Australia. (Pdf link)
Endnote 9 is the much criticized Garnaut Report (See The Contradictions of the Garnaut Report link)
Endnote 10 is a draft report, again from the CSIRO. (link)
They say that warming "would lead to substantial costs to Australia," however, according to ASIC, the pseudo counter-warming tax on carbon dioxide "is adding to increasing cost burdens for many firms struggling to stay afloat." (Link) The Australian recently reported:
Carbon tax will force jobs offshore
RUSSIAN aluminium tsar Oleg Deripaska has attacked the Gillard government's carbon tax, saying it is leading towards higher energy costs that come with the danger of driving local manufacturing and minerals processing jobs overseas.As the Ice Core data show (see graph above), most of the last 10,000 years has been warmer than today and the world survived. Indeed, in warmer times, man has prospered. Think of the medieval warm period that preceded the little ice age.
toscamaster | 9/04/2013 11:08 1
At $25 per tonne of CO2 Australia's "carbon" tax is the most vicious and hence the most effective in the world. However, based on the IPCC’s 4th Report, if every country legislated for the same vicious tax, it will cost $3.2 quadrillion AUD ($3,200,000,000,000,000AUD) for every degree lowering of temperature. So the Climate Institute is actually calling for the world to forgo $6.4 quadrillion AUD. That’s $830,000 for every person on earth. That's SOME BUDGET. Will Erwin Jackson lead us by selling his home and handing the proceeds to the government? If you think I'm being outlandish check the numbers for yourself.
Mctavish | 9/04/2013 12:29 2
I note he mentions "credible pollution budgets" - hmmm! But also Toscamaster, you overlook that to keep it all fair, we owe 4x. Means me & you & Erwin actually stump $3.3million each - 40+ years wages. This might do a bit more than test the credibility of major political parties - it might test the credibility of a few Commissions and Authorities. Some countries with a low GDP are sure going to have to do some overtime!