As you can imagine Sunday is a quiet day in Canberra town, and the happening around Parliament House are even quieter. Each Sunday I will endeavour to post one or two digestibles, brief reads with a link or two so as not to consume to much time on what should be a day of rest for all.
The first digestible this week are a couple of things that have come across my desk that are worth a look at.
Firstly an ACF document, which last week hired international valuer assessors Innovest to determine the monetary value attached to the free carbon permits to trade exposed high carbon emitting industries (assuming a $25 carbon price).
I have attached the document for all and sundry to read and make what they will of it, it can be found through this link.
innovest-recipients-of-cprs-assistance-white-paper-update-dec08
Included details of the $3.9 billion package for the coal industry as they estimate it, and exactly how much money will go to what coal fire plants, notably close to a billion over five years to Hazlewood in Victoria.
Secondly for your consideration a working paper put out before the release of the White Paper by Andrew Macintosh from ANU’s Centre for Climate Law and Policy (who you will remember was last on this blog in a story I wrote about a Federal Greenhouse Trigger).
The working paper looks at the global equity issues involved in the four emissions targets modelled by Treasury this year. In short it argues a 5% cut to Australian emissions (which we have now seen from the Federal Government) and a proposed 10% cut from the Garnaut review, will place an undue burden on developing nations to cut emissions.
Document can be find through this link: wp5-are-the-treasury-and-garnaut-scenarios-fair
