Wednesday, June 11, 2014

Consorts Consortium Against Obama's Carbon Dioxide Tax

Pres. Obama is pushing globally to introduce carbon pricing, through forums such as the G20. In the US, he has spent billions of dollars in subsidies for renewable energy, such as wind and solar, in order to kill off the use of fossil fuels primarily in production of electricity. Without any scientific justification, other than the ridiculous "forcing" theory, he has castigated carbon dioxide emissions from fossil fuel burning. His restrictions on fossil fuel use in the US is being carried out through the EPA.
However, Obama's global pushing to tax carbon dioxide emissions has caught the attention and rejection of Australian Prime Minister Tony Abbott. As covered in the Sydney Morning Herald, Mr. Abbott believes that Pres. Obama's ambitions with respect to taxing and restricting carbon dioxide emissions is economically unsound and unjustifiable. He is now trying to obtain a consortium of countries with views similar to his own and contrary to those of Pres. Obama.
At present he is trying to consolidate the five Commonwealth countries of Canada, Australia, New Zealand, India, and New Zealand to counter recent moves by the Obama administration to lift the pace of climate change abatement via policies such as a carbon tax or state-based emissions trading. It is a calculated attempt to push back against what Australia and Canada already see as a left-liberal agenda in favour of higher taxes, unwise interventions to address global warming, and an unhealthy attitude of state intervention.
This is obviously a move in the right direction and for the right reasons. Unfortunately, Mr. Abbott does not understand the scientific basis of his proposals. He apparently believes that carbon dioxide is a significant global warming agent and believes that its emission from burning fossil fuels should be controlled by regulation, rather than taxation. This actually is contradictory to his cause, if one of his intentions is to avoid unnecessary economic worldwide deterioration. The fact is that carbon dioxide is not a significant greenhouse gas to increase global warming. Carbon dioxide emission should be unrestricted, which will allow use of cheaper fossil fuels for electricity generation.

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