This song is dedicated To “JM” who just refuses to give up on Emission trading as the way to save the world…..
The knowing supporters of emission trading are a rump, albeit powerful, of financial interests who see a multi-billion fortune to be made from trading financial derivatives, carbon-intensive industries that see scope for rorting to prolong their industries, and the politicians who support them by gulling the public that they are doing something that will help save the planet.
Corruption thrives on secrecy and its close cousin, complexity. But ETS has powerful opponents that include the International Monetary Fund as well as the green movement.
In the heat of an election campaign that has already started, it is impossible for the government to explain the CPRS except in the most general terms, and most of those who already understand it know it is a lemon. The CPRS is fertile ground for the mother of all fear campaigns, and Abbott has the intelligence and the ruthless cynicism to exploit it. He is flirting with Lord Monckton to shore up his support among the climate-warming deniers and global conspiracy loonies. It won’t be long before he applies his Jesuit mindset to exploiting the arguments of the high priests of the environmental movement such as the American scientist James Hansen.
The CPRS is a dead policy walking, and it won’t be that long before the stink of its rotting corpse begins to offend even the Pant-suit wearing minister in charge of trying to breathe life into it…