Carbon "Tax"

The Australian Government is currently undertaking an 18-month review of Australia’s taxation system. Professor Garnaut’s review of Australia’s response to Climate Change foreshadows the introduction of an Emissions Trading Scheme (ETS).

The Federal Government has already publicly stated that they expect to receive a significant sum of money each year from the introduction of such a scheme. Only a small proportion of this revenue would be returned to Australian taxpayers.

Revenue Review is opposed to the imposition of an Emissions Trading Scheme that would deliver a taxation windfall to the Government when Kyoto targets could be met through other means.

A time honoured economic principle is the law of comparative advantage, or least comparative disadvantage. Australia’s advantages should be exploited, before we blindly adopt policies of other developed nations that do not have our natural advantages.

Photosynthesis is the process whereby trees and plants convert carbon dioxide (CO2) into oxygen.

Because of Australia’s comparatively small population and large landmass, photosynthesis occurs on a per capita basis at a rate many times that of Europe and North America.

Australia’s ability to offset carbon emissions though the process of photosynthesis is much greater than most other Nations – we should be taking full advantage of this potential.

Australia’s large natural gas reserves are another natural advantage.

Gas is a cleaner form of energy that produces significantly less carbon emissions than coal and other fossil fuels.

Whilst Australia is a major exporter of coal, it is also one of the world’s largest uranium producers.

Nuclear energy is a clean green form of energy production that produces significantly less carbon emissions than most other conventional forms of energy production.

In this sense Australia is already making a significant compensatory contribution to the worldwide reduction of carbon emissions through its production and export of uranium oxide. This offsets the emissions caused by Australia’s coal exports.