Trillion-Dollar Decision

Posted on July 25, 2007 - Filed Under Environmentalism, News

Hi Oz I read in The Australian today an article dated last month that for Australia, carbon trade would be huge.

"AUSTRALIAN financiers stand to benefit handsomely once a carbon emissions market is introduced, says Ziggy Switkowski, head of the Australian Nuclear Science and Technology Organisation.

Dr Switkowski told The Australian that both the nuclear and renewable energy sectors would become economically viable with CO2 (carbon dioxide) priced between $20 and $50 a tonne. At those prices, Australia's 560 million tonnes per year of emissions would cost between $11 billion and $28 billion - if every tonne were costed - generating a market worth between $4 billion and $9 billion."
Not that I totally understand all of that. The article mentions going nuclear a lot as well.
"There are a bunch of models which say, if you take climate change seriously you will reduce the economy by 5 per cent by 2050. "On the other hand, on $125 billion (of GDP) in 2050 the cost is $2 trillion. There is no precedent for a government to make a trillion-dollar decision".
More on the Article HERE

~Boz

Comments

One Response to “Trillion-Dollar Decision”

  1. oz on July 26th, 2007 6:29 am

    how odd
    this guy was the ceo for our largest telephone company
    he tried doing the verbal waltz there but ended up getting the sack (although they dont call it that when you are the ceo)
    now he is waltzing with words over nuclear power for the government
    i read the article and all it said was people (not sure who as i havent heard any) are talking about nuclear power (not that they are saying it is a good thing) and we should sell our uranium and make lots of money
    how much did he get paid to work that out??







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