So, bruised and bloodied from the CPRS debacle, the established Big Green groups decided they should get behind the next version of an emissions trading scheme. ON this day in 2011, six very very long years ago, the Climate Institute sent out a press release about the ‘Say Yes’ campaign…
Also on this day –
Twenty-five years ago today two more industry commissioned studies say the sky will fall if so much as one lump of coal is not burnt….
1992 Brown, B. 1992. Pressure builds on Aust over greenhouse emissions. Australian Financial Review, 14 May, p.11.
Australia may come under pressure to sign a declaration to stabilise greenhouse gas emissions, although a convention adopted at a United Nations meeting in New York last weekend set no target.
Developing and European nations that could achieve stabilisation of greenhouse gas emissions at 1990 levels by the year 2000 are expected to push for this target at the Earth Summit in Rio de Janeiro in June.
A United Nations Framework Convention on Climate Control agreed last weekend on a text to reduce greenhouse gas emissions, but without a specific target. The target will be considered by member governments before the Rio meeting.
But to reach the stabilisation target, Australia would need “excessively stringent government intervention”, according to one of two industry-commissioned studies released yesterday.
The studies, prepared by the Canberra-based economic consultants ACIL Australia and Swan Consultants for the Business Council of Australia, said advice to the Government had seriously underestimated the economic costs of stabilising greenhouse emissions.