Posts Tagged ‘Malcolm Turnbull’

Why I oppose the ETS proposal

February 8, 2010 Comments off

Yesterday, Malcolm Turnbull explained his reasons for supporting the ETS legislation. The ALP has jumped on the opportunity to attack the Liberals, while some Liberals have jumped on the opportunity to attack Turnbull. Just to be different, I thought I’d actually engage the ideas.

I’ll start with some points of agreement with Turnbull. I agree that the world has gotten warmer over the last 100 years (specifically between 1910-40 and 1970-2000) and that some of the latter warming is due to human emissions of greenhouse gases. I agree that if we continue to emit greenhouse gases then we can expect some continued warming into the future. And I agree that this will cause costs in some areas.

Where I disagree with Turnbull is (1) I don’t think we should exaggerate the expected net cost of global warming; (2) I do not agree that an ETS is the most market-friendly policy available; (3) I believe the long-term solution must be production-based (new technology) not consumption based (lower energy use); and (4) I don’t believe that an ETS will pass a benefit-cost analysis and therefore it shouldn’t be introduced.

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