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 Barnaby says 'no, no, no' to emissions trading 

Barnaby says 'no, no, no' to emissions trading

14 May, 2009 12:48 PM
"NO, no, no, no, no."

Barnaby Joyce's position on supporting the Government's proposed emissions trading scheme as it stands couldn't have been made much clearer when asked "would The Nationals vote for it" at the National Press Club in Canberra this week.

The Government has flagged its intention to introduce its carbon pollution reduction scheme legislation to the Parliament this week, despite last week declaring the scheme would be delayed for 12 months primarily because of recession gripping Australia and most other developed nations' economies.

The leader of The Nationals in the Senate used his first address to the National Press Club to reiterate why his party is so against the scheme in its current form and wouldn't rule out a Coalition split when it came time to vote.

He said the only benefactors of the scheme were the brokers of permits and carbon credits, while exporters would be severely punished.

"The National Party stated its position. If you go forward with the emission trading scheme that they've just put forward?

"The answer's no.

"There you go - no, no, no, no, no, okay?

"I'll tell you who the benefactors of the scheme are - the wonderful people at some serious stock broking houses who are going to punt in the first year $11 billion worth of paper around the market place.

"So that's one half per cent commission… $165 million. They do it on a churn rate of three. You're getting up close to half a billion dollars in commission.

"…we've got them making money and the people that actually produce things, such as miners, aluminium industry, ultimately the farming industry - they're all going out of business.

"This is just perverse.

"We're making those, who don't make us any export dollars, wealthy and making those, who do make us export dollars, broke."

Senator Joyce said if people want to find another policy of reducing carbon emissions "there's so many simple ways you could do it".

"You could just say we're going to have an upfront tax deduction of some sort for the implementation of capital that is carbon effective. No brainer."

Crunching the numbers

  • Cattle produce about 70 kilograms of methane a year
  • Sheep produce about 10kgs
  • Multiply the methane emitted by 21 to get the carbon equivalent
  • Government will fix the price for carbon at $10 a tonne for one year
  • Market estimates predict that could hit $40 thereafter
  • In the case of cattle 70 x 21 = 1470kg
  • 1470kg x $10 = $14.70/tonne x 1000 head of cattle = $14,700 in first year of scheme
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Looks like Barnaby is the only politician batting for average Joe, the rest are backing the greenhouse gas doomsday cult and the schemers who are using this climate change hysteria to steal from us.
Posted by Susan, 14/05/2009 1:00:33 PM
I'm with you, Barnaby and Susan, but isn't it so often the way that the real producers the genuine workers who cop it in the neck.

If the Government knew what it was doing and really wanted to do something positive then it would move to get rid of some of the emissions. How?

Firstly it could fast-track geothermal electricity generation and outlaw the use of coal fired generation.

Secondly it could reintroduce rail for a lot of bulk transport, thus further reducing carbon emissions and, heaven forbid, it would cut the road toll and reduce the massive costs of road maintenance and construction.

It all seems just too logical to get off the ground.

Posted by DAW, 14/05/2009 9:13:31 PM
Has Barnaby included the cost of running such a scheme? There is an administration cost on nearly all of my bills. Oh, and GST.
Posted by David, 15/05/2009 7:25:03 AM
Hey, Barnaby, so does that mean that the scheme is OK and it is the administration that hurts. Following this logic I expect you will now come out and get stuck into the banks and phone companies that charge ridiculuos fees for everything, and water authorities that charge for water that isn't delivered, or the brokers in the stock market, or even commissions from real estate.

How about making it fairer and helping farmers get some return from trees and soil carbon, make the system work so the money stays in Australia.

How the scheme is proposed at the moment we will be sending money offshore through offshore traders and foriegn owned banks (you forgot to mention lawyers) to foreign-owned projects.

At least with on-farm storage the money goes to the landholders. Why not try and make it work for landholders?

Posted by the lorax, 15/05/2009 9:10:45 AM
Never mind the admin costs, it will be the audit costs that sink us. Try and claim a single tonne of credit for your shelter belts etc and the clowns will want detailed plot surveys and soil samples. It's another jobs for the greens scam. Go for the king hit, Barnaby.
Posted by Ian Mott, 15/05/2009 9:33:13 AM
Look at this for admin costs from the Climate Change Budget this week:

* Establish Renewables Aust - $365million.

* Clean Energy Initiative - $4.5 billion.

* Climate Change Action Fund - $2.75 billion.

* Climate Change Regulatory Authority - $82 million.

* Climate Change Adaption Program - $126 million.

* Carbon Capture & Storage - $2 billion etc etc etc Susan says Barnaby's the only politician... well, Susan there's the Climate Sceptics Party www.climatesceptics.com.au

Posted by Geoff from Ourimbah, 15/05/2009 10:18:56 AM
Dear Ian Mott, it is not the bankers and financiers that will charge that, that is the domain of the consultants.

If Barnaby wanted to have a real crack, he would look at the secret deals done between major consultancy firms and the DCC and ex AGO. Big consultancies that appear either only go to tender to a select number of consultants or to completely closed tenders that no one even hears about.

The audit costs can be cheap but I do not expect that will be so, as the major consultancies and big carbon poluters are the only ones with access to the DCC consultations. No voice for the land holder.

Where is the NFF or AFI in these negotiations? The regulations and legislation have been framed to suit the big boys so they can screw the farmer, because there is no landholder representation.

They will make you audit your plantings using one of their annointed auditors, who, as they have the DCC ticket, will charge what they like, then the DCC will tell you how much carbon you have anyway, so in effect you will be auiditing for them.

It will be just like the MIS schemes all over again. Do not sell your carbon, farmers.

Posted by the lorax, 15/05/2009 10:33:52 AM
Three questions for Barnaby:

1). How many kilograms of pasture/fodder does each cow eat in order to produce the 1470 kg carbon-equvalent of methane?

2). How many kilograms of carbon taken out of the atmosphere by the growing of that pasture/fodder?

3). What is the carbon content of pature or fodder?

The answers will give you some indication of the carbon balance sheet for grazing cattle.

Posted by AJ, 15/05/2009 10:37:01 AM
While some of Mr Joyce's doubts about the emissions trading scheme are justified, it's a little extreme to be feeling sorry for miners and aluminium producers in the same breath as farmers.

Miners and aluminium producers made billions in the past five years, and seem to have expected world consumption of everything to be a one-way street. It never is, and now they are laying off workers to protect revenues.

Barneby also rails against the ordinary mechanisms of capitalism, like brokers who make a market in trading things like permits and credits. It's a bit like slamming the banks for making profits - we all hate them for doing it, but they are an integral part of small business, we can't really do without them.

Markets are the best way to trade such things - it's a matter of designing the permits and credits properly so they can be traded.

Those who make the market liquid aren't charities, he must realise.

Posted by firefly, 15/05/2009 12:46:19 PM
A stud breeder told me yesterday that 60 people bid on his stock and stud cows fetched $20,000 last year. This year, only three turned up and two registered online for video auction.

The three were church ladies who had come to help feed the crowd and they had to sit around the auction ring while the cattle paraded through in a sham auction.

Now these stud cows are worth $20/kg as prime steak. If the politicians think they can put another tax on the farmer to help us out of the deepening global financial crisis they had better think again. Keep the NO's going Barnaby. The silent majority are on your side.

Posted by Common Cents, 15/05/2009 3:27:14 PM
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Nationals Senate Leader Barnaby Joyce.
Nationals Senate Leader Barnaby Joyce.
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