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Chockstone Forum - General Discussion

General Climbing Discussion

Topic Date User
OT - new carbon tax 1-Mar-2011 At 6:57:19 AM evanbb
Message
On 28/02/2011 One day Hero wrote:
>The "cap" part though, forget about it! Capping CO2 emissions will very
>quickly lead to capping economic growth.............and that idea is totally
>abhorant to everyone in power everywhere.

The 'Capping Economic Growth' part is probably bullshit; read this http://wp.me/pDhV1-4d to get an idea of how electricity is charged and how much the price of power is going to go up.

Summarising, a $20/tonne tax equates to about 20% increase in cost of power from a black coal plant. Once though, it's a step-change. This is equivalent to about 4 years of CPI increases (inflation) or 1-2 years worth of network upgrades.

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