Ding dong, the carbon tax is dead, meaning Australia – one of the world’s greatest polluters – makes history as the first developed nation to renege on its climate action responsibilities. Whatever the pollies are saying about jobs and how the carbon tax didn’t work, know this: there is currently nothing in place to make polluters think twice about their emissions. There is currently nothing in place to ensure Australia reaches its laughably inadequate 5% emissions reduction target. There is currently nothing in place to show the world we Aussies even believe in climate change.
All we had was the carbon tax, which this Australian National University study found cut up to 17 million tonnes of CO2 and reduced emissions in the electricity sector by 10 percent. Critics will say the reductions are due to people and industry cutting back on their usage due to “price hikes” (on average 10 percent for households), however this has been factored into the conservative estimates in the study. Anyway, the whole point of the carbon tax was to encourage people to use less energy in the first place, so it was doing its job!