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Intelligent climate policy would mean that wholesale electricity prices would fall "substantially", he said, a source of competitive advantage. "In a zero carbon world economy, there would be no economic sense in any aluminium or iron smelting in Japan or Korea, not much in Indonesia, and enough to cover only a modest part of domestic demand in China and India," he said.
"With globally competitive power, Australia becomes the natural locus for supply of the world’s immense increases in demand for pure silicon," a vital component of computers and every type of electronic device. He said that the "immediate costs" of moving towards a zero-emissions economy were today "much lower" than he had anticipated in his reviews in 2008 and 2011, largely because of improvements in renewable technology.
There is no shield around us. Even if we could magically bring our emissions down to zero, it would only take two more months of Chinese emissions to cancel that reduction out. A carbon tax is like paying someone else to go on a diet.
Smh could u please put your trash in the bin provided next to your desk not in the smh paper thankyou
...Australia already has technology in metals smelting that could change the cost for the metals sector drastically but big business wants none of it as it hurts conventional processing/fossil fuels demand...ECT's Coldry and Matmor
Morrison will not like this and I am surprised the Herald is printing it.
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