A sim­pler more trans­par­ent and cost- ef­fec­tive ap­proach

Townsville Bulletin - - Voice Of The North - Townsville Bul­letin

TO just show the lies of the Lib­eral party and its in­san­ity re­gard­ing cli­mate change and car­bon tax I will state what is said by Sherri K. Stuewer, ExxonMo­bil Vice Pres­i­dent of En­vi­ron­men­tal Pol­icy and Plan­ning.

ExxonMo­bil be­lieves that the risks posed by ris­ing green­house gas emis­sions to so­ci­ety and ecosys­tems are se­ri­ous enough to war­rant ac­tion.

ExxonMo­bil agrees with many of the world’s lead­ing econ­o­mists and com­men­ta­tors that a rev­enue neu­tral car­bon tax or green­house gas emis­sions fee

Sherri K. Stuewer would be a much sim­pler, more trans­par­ent and more cost-ef­fec­tive ap­proach, it would cre­ate a uni­form and pre­dictable cost on green- house gas emis­sions across the econ­omy, and it lends it­self to a global ap­pli­ca­tion.

A car­bon tax is much more ef f i ci ent ad­min­is­tra­tively since it can be largely built upon the ex­ist­ing tax in­fra­struc­ture.

Fi­nally, mak­ing the car­bon tax ‘‘ rev­enue-neu­tral’’ means that it can­not merely be used to in­crease gov­ern­ment in­come.

In­stead money from a rev­enue neu­tral car­bon tax w o u l d b e r e t u r n e d o r re­cy­cled to the econ­omy through re­duc­tions in other taxes such as those on labour and cap­i­tal.

Mak­ing the car­bon

tax rev­enue-neu­tral pro­vides a way to re­duce the bur­den of emis­sion re­duc­tions on the av­er­age fam­ily.

Com­bined with ad­di­tional ad­vances i n en­ergy ef - fi­ciency and new tech­nolo­gies driven by free mar­ket in­no­va­tion, a well de­signed rev­enue-neu­tral car­bon tax could play a sig­nif­i­cant role in ad­dress­ing the chal­lenge of ris­ing emis­sions in the world.

Lib­er­als must be­lieve that ig­no­rance is bliss be­cause they are surely the most i g no­rant o p p o s i t i o n we have had for decades. IAN BRAGG,

Wul­guru.

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