Thursday, September 11, 2008

Climate change: the cost of delay

How much did the government's spineless decision to delay the entrance of transport into the ETS cost? $415 million, according to the Herald:

Treasury analysis found the delay would cost $415 million, taking into account units the Government would not get under the ETS and units it would have to buy to meet Kyoto liability.
In other words, the delay has simply shifted the cost from motorists and petrol companies to general taxpayers. So we're all paying for SUV drivers inefficiencies and conspicuous consumption. Thanks, Labour!