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Flat White

Carbon taxes are useless without a technological breakthrough

1 February 2023

4:00 AM

1 February 2023

4:00 AM

Raising the cost of using a particular fuel will shift consumption to another fuel, but only if all other things are equal. Unfortunately for climate change hysterics, when it comes to CO2 emissions, all other things aren’t equal.

This is a relevant issue now Australia effectively has a CO2 tax.

Under Australia’s ‘Safeguard Mechanism’, an invention of the previous Coalition government now being ‘refined’ by Labor, Australia’s 215 largest CO2 emitting facilities will face a virtual carbon tax.

They’ve been told they need to reduce their emissions on average by 4.9

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