Tuesday, September 12, 2006

Rebate research with carbon tax on coal

In re-watching the ABC News steaming video

What Price Global Warming?

by Jonathan Holmes on Australian businesses response to global warming I was struck. There is a way out of the impasse between Howard's argument that future technology will save us, and businesses plan that we need to set a carbon price signal to stimulate a market response now.

Without overstating it the threat is so great we need to start now with the carbon tax, and do something to give that future technology a wriggle on. One path, or the other is not an option anymore.

What about a carbon tax, setting the market signal, that fossil-fuel companies can redeem as clean coal and fuel research rebates?

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