why the CPRS is a *maximum* abatement target

19 02 2009

Richard Denniss nails the CPRS with this piece. Absolutely correct: the whole Green Power scheme, for instance, will become totally meaningless in terms of reducing overall emissions. I suppose the best it does it work towards building the infrastructure momentum we ultimately need, but no abatement is realistically going to occur with such a criminally low target operating under standard energy demand growth.

Personally, I used to think emission trading was a wonderful idea. Now I think it’s just so open to gaming, manipulation, and fraud (‘offsets’ anyone?) that the reality is hopelessly compromised…

About these ads

Actions

Information

One response

19 06 2009
any ETS is both an emissions floor and an emissions ceiling « civilisationshift

[...] any ETS is both an emissions floor and an emissions ceiling 19 06 2009 I’ve updated my thinking on the importance of Richard Denniss’ exposition of the futility of voluntary action under the CPRS. [...]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




Follow

Get every new post delivered to your Inbox.

%d bloggers like this: