Common sense.
November 25th, 2009I would like our politicians to explain how they can possibly justify the cost to Australian taxpayers of this ETS scheme. It is estimated that based on the present GNP figures we would be saddled with a minimum annual bill of $ 70 billion. What will happen if the main polluter countries such as USA, China, India and Brazil opt not to sign? Yet our Prime Minister in an indecent haste to be world’s number one, commits this country to such extraordinary cost while the rest of the world would be laughing on us as suckers. There is no escape clause in the agreement. Once it is signed we are saddled with it forever.
If our politicians are determined to go ahead regardless, let them at least incorporate an escape clause making it subject to other major polluters being in it. Or better still why not to take a lead from United States Senate and delaying decision until after Copenhagen? There is no gold medal at stake Mr. Rudd.
