Wednesday, April 01, 2009

Political Rhetoric versus Reality

Another example of how the political narrative is disconnected from independently verified reality emerges today in the discussion of carbon pricing regimes.

Most current greenhouse gas emissions reduction targets set by Governments like the US and the EU cannot be hit by any existing carbon pricing system. Supporters of emissions reductions of 20 per cent by 2020 or 80 per cent by 2050 are not willing to pay the minimum $100 to $300 per tonne of carbon estimated to be needed to achieve these goals. They blithely ignore the impact such policies will have on energy pricing and energy poverty, but keep mouthing the rhetoric anyway.

It’s no wonder public trust in politicians is so low.

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