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Labor Government of world-leading per capita GHG polluter Australia commits to climate change inaction

27 February 2011, 21:31, by Dr Gideon Polya

A pertinent analysis is that of Andrew Dyer “Climate Spectator – Can a carbon tax cut it?”, Business Spectator, Australia, 27 October 2010: http://www.businessspectator.com.au... . Key quotes: “For illustrative purposes only, and to explain what may need to happen, these are approximate current prices required by different forms of power generation to be viable – Coal, $40/MWh; Combined Cycle Gas, $80/MWh; Wind, $120/MWh; New technology Solar Thermal, $180/MWh… the magnitude of the tax to force change to the existing portfolio could be very significant – possibly in the order of effectively up to $100/MWh on a coal-fired plant – before the supply side portfolio will make meaningful change in a timely fashion. Taxes at this level could have a crippling effect on our economy and family finances.… But in the short term, a more direct approach is likely to be required to efficiently and economically transform the generation portfolio.”