Richard Denniss: why emissions trading won't work

Richard uses coffee cups to elegantly demonstrate one of the fundamental flaws of the Carbon Pollution Reduction Scheme. Australia's climate groups say 'scrap the CPRS'- back to the drawing board Wong and Rudd.

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[asherlives]

Interesting, but at the same time Richard Denniss is also not telling the whole story.

when households pollute lower then their cap and decide to sell the excess (thats if they decide to in the first place).. the government will slowly purchase these permits in the exchange market and NOT re-sell them.. which means businesses and polluters will NOT have access to or the ability to increase their carbon emissions.thus, lowering emissions over time.

[youbegreen]

thanks for your comment,

PM

[Chris51]

I actually meant un-informed idiots but on second thought, with the militant attitude thse greens supporters and journos have maybe it should read un-informed, uniformed idiots.

[Chris51]

Ha ha this clown got OWNED by Monckton in the debate last night. The fool couldn't argue the facts just restorted to the "We must do it because he/she/they said so" argument. All the climate change supporting journos came away looking like exactly what they are, uniformed idiots. Debate the data not the person you twonks. Prove his information is wrong. You can't so you belittle him. Climate Change is a scam based on crap science. They just want our money to fund their own agendas.

[robhoneycutt]

Should those big polluter not have to purchase those additional permits from the households who reduce their CO2 output?

[sydneydoc]

Man caused climate change is the greatest scam the world has ever seen.

[asherlives]

my pleasure,

im not such a big fan of the CPRS either but just thought i'd fill you in.

[ibis119]

it's a great starting debate, clearly winnable. But if the government decide to allow unused permits to be resigned, we still have an emissions trading scheme that rewards polluters, is based on dollars, so will burden poorer global economies as the system becomes integrated globally, will pass the costs on to consumers as opposed to the corporate polluters and creates another bloody derivatives market, we've seen how trading gets out of hand with the global financial crisis. I don't like it...

[drillvoice]

It's so simple, really.