Sunday, August 8, 2010

Demolishing the myths on emissions trading


The following piece by Australia 21 Director Ian Dunlop appeared on the ABC’s web forum The Drum: analysis and views on the issues of the day on 2 August 2010, under the title Demolishing the myths on emissions trading.

Demolishing the myths on emissions trading

One of the great myths being perpetuated in this election campaign is that the Greens, by refusing to support the Government's CPRS (Carbon Pollution Reduction Scheme), prevented the introduction of effective emissions trading in this country, thus blocking serious action on climate change. Penny Wong was at it again on ABC's Q&A on Monday night. Utter nonsense!

The CPRS is appalling policy. By weakening the underlying emissions trading mechanism with multiple escape clauses and compensation, it runs counter to all the recommendations of the sound policy design work that had been carried out in Australia, ranging from the AGO 1998 National Emissions Trading framework to the 2008 Garnaut Review, as well as practical overseas experience. The rot set in with the 2007 Report of the Task Group on Emissions Trading, which was initiated by the Howard government and dominated by fossil-fuel interests. Rudd and Wong then continued the race to the bottom, even before the Garnaut recommendations were released, throwing aside what little CPRS integrity remained in the final horsetrading with Malcolm Turnbull. If the CPRS were to be implemented in its current form, it would impose an enormous cost on the economy for minimal reductions in emissions.

Turnbull deserves credit for standing up to the climate luddites in the Coalition, but he is still not prepared to honestly acknowledge the nonsense which the CPRS represents and, more importantly, the size of the problem we now face. The only political party to do so are the Greens. Christine Milne laid it out clearly in her Re-Energising Australia Report, released in 2007. The science now indicates even greater urgency for action.

The inertia of the climate system, particularly the slow warming of the oceans, means that the results of our emissions today only become evident decades hence. Thus, unless we take rapid action now, we may well be locking in irreversible climate change of catastrophic proportions for future generations; indeed we may have already done so.

There will always be scientific uncertainties on an issue this complex, with year-to-year climatic variations continuing to be used selectively by deniers to discredit the mainstream science; but the overall trends are clear and they are all moving in the wrong direction. It is tempting to believe the deniers are right, but faced with the mounting empirical evidence, prudent risk management dictates we should not gamble on inaction.

The world is starting to understand that, if catastrophic outcomes and climatic tipping points are to be avoided, the real target for a safe climate is to reduce atmospheric carbon concentrations back to the pre-industrial levels of around 300ppm CO2 from the current 392ppm CO2. This will require emission reductions in the order of 40-50 per cent by 2020, almost complete decarbonisation by 2050 and continuing efforts to draw down legacy carbon from the atmosphere.

Looked at from a total carbon budget perspective, to have a less than 25 per cent chance of exceeding the 2 degrees Celsius temperature increase relative to pre-industrial levels, which is still the official political temperature objective, the world can only emit a further 800 gigatonnes of CO2 in toto from today, a budget which would be used up in less than 20 years. Accepting a 50/50 chance allows the budget to increase to 1,200 gigatonnes of CO2, used up in less than 30 years. The Australian budget runs out in around five - eight years. If the temperature target has to be less than 2C, which is now almost inevitable, the budgets are considerably lower.

Put bluntly, we face a global climate change emergency, which requires an emergency response; both major parties are well aware of this from their scientific briefings. In this context, the emission reduction target of 5 per cent by 2020, which they are so graciously offering is derisory. The only possible conclusion is that both parties do not believe in human-induced climate change and are going through the motions purely to placate the electorate. I, for one, object in the strongest possible terms to the future of my children and grandchildren being thrown away by such irresponsibility from those who would profess to be our "leaders".

Christine Milne is quite right to hold out for serious climate change policy rather than this "Clayton's" variety offered by the major parties' deniers.

Ian Dunlop is a CPD Fellow and a contributing author to the CPD book, More than Luck: Ideas Australia Needs Now, launched this week. Ian chaired the AGO Experts Group on Emissions Trading from 1998 to 2000.

No comments:

Post a Comment