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Australia: Green Policies Are Killing Manufacturing – And For What?

Andrew Bolt — PA Pundits — February 17, 2014

Brendan Pearson, chief executive of the Minerals Council of Australia, on howgreen policies made our power prices among the world’s highest – and for what?.

Less than a decade ago, Australia enjoyed the lowest energy costs in the developed world… But today that advantage has largely gone.

As a result of the carbon tax, the renewable energy target and a range of other energy policy interventions at the federal and state government level, Australia has some of the highest electricity costs in the developed world.

Household electricity prices have increased by more than 110 per cent in the past five years… Australian businesses – which account for 70 per cent of total electricity use in Australia – have experienced an almost 80 per cent increase in prices since 2009 and there are more rises on the way.

The causes are not hard to find.

The carbon tax accounted for 16 per cent of the electricity bill for a typical large industrial user in NSW in 2012-13.

In 2013-14, the carbon tax added an estimated $6.4 billion to the nation’s tax bill…. Official estimates suggest that the RET will generate a transfer of $20bn from householders and industrial users by 2020…

These green policies are helping to destroy manufacturing in Australia. But even Pearson shies away from nailing the true insanity of them: the carbon tax and renewable energy target actually make essentially zero difference to the global temperature they are meant to lower. All this astonishing pain for zero gain. The scale of the madness is for most Australians simply beyond comprehension.   Continue reading full article here……

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