Perhaps the fact that reducing greenhouse gases by one-millionth will cost Australia as a whole $50 billion over the next 40 years and each taxpayer $4,550 per year helped turn back a major climate policy in that country.
Or perhaps it’s the fact that Australia looked at Spain, which has been moving toward a “renewable energy economy” and now has 19 percent unemployment while the real cost of power has risen 100 percent.
Or perhaps “no one has any evidence that CO2 will overheat the earth.”
This summary by Leon Ashby, a Centenary Medal recipient for services to the environment, concludes: “an Emissions Trading Scheme (ETS) will never ever prevent climate change,” but will threaten the very foundations of a free economy.
A similar scientifically sound presentation is being developed for the U.S. Some research has already been done on the impact such schemes would have on Kentucky. It’s not a pretty picture.