Aust. GreenLaboUr climate tax fraud goes forward…

And so, the Australian GreenLaboUr Government’s carbon(sic) tax fraud bungles on…

Gillard pledge 2010:

“There will be no carbon (sic) tax under a government I lead.”

27 September 2011:

Climate Change talks to be in secret

THE deliberations of a multi-party climate change committee will be kept secret until an agreement is reached because they are economically sensitive.

October 12, 2011:

Gillard, Rudd celebrate as carbon bill passes parliament

Labor and independent MPs broke into applause as the hotly-contested bills passed the Lower House by 74 votes to 72 after weeks of debate.

Amid the celebrations, there was a show of public solidarity as Mr Rudd planted a kiss on the cheek of Ms Gillard, the person who took his job and, by some reports, the person whose job he wants back.

28 AUGUST 2012

Not With a Bang But a Whimper

So the long-running soap opera called Australian Climate Politics has reached its surprising end.

The Australian government has announced that it will abandon its plans to transition its newly implemented carbon tax into an Australian emissions trading system, and sign on the the European ETS.

There is no other way to read the Australian government’s decision other than that Prime Minister Gillard crying “uncle” and punting the issue far into the future.

How does this play out?

Visit Roger Pielke, Jr.’s blog page for a good assessment.

The political challenges thus far facing passage of emissions reduction legislation in Australia, and its almost certain destiny to fail to achieve emissions reduction targets of the magnitude described here, should serve as an important lesson to climate policy makers around the world.

The Australian soap opera provides some clear lessons on efforts to price carbon at a high level to drive behavioral change.

UPDATE. 3/09/2012:

Rushed carbon permit auction to prop up budget

The federal government plans to bolster its sagging budget bottom line by a near tripling of the auction of carbon emissions permits in 2013-14.

The government announced last Tuesday that it would remove a $15 floor price on carbon from 2015 and link to the European Union emissions trading scheme.

… they will also make it harder for a Coalition government to repeal the scheme and cancel companies’ permits.