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Australia's Emissions Trading System to Cost Business $22 Billion

By jennifer
April 23, 2008

THE Rudd Government's planned carbon trading system will cost business between $14billion and $22billion a year and will have to be considered in a review of the taxation system.

Taxation Institute director Michael Dirkis yesterday said that the money generated by the emissions trading system would be equivalent to more than 40 per cent of company tax revenue.

"You cannot design a system that impacts on business and brings in that level of government revenue without dealing with tax," he said.

The Australian: Carbon plan 'to cost business $22bn'

Of course, the effect on climate will be a big fat zero.

Good Causes

Comments

  1. Ivan - "I have to say you have a very negative and judgmental attitude for someone who ranks himself alongside the Dalai Lama and Nelson Mandela:"

    I just answered the questions. In fact I did not see how you could answer them any differently. Why not do the test yourself and post the answer. I think that you would get a shock at who you were grouped with.

  2. Mark - a) Typical overall transmission losses from the grid with the US as an example are just over 7% so they aren't that BIG a factor."

    Yes but 7% to 10% over short distances. Longer distances with large distributors need HVDC.

    "b) In your la-la land you're still going to be heavily reliant on "the grid" to:
    i) Transmit power and load balalnce from those highly dispersed and intermittent wind farms you advocate"

    Yes however HVDC distributers can incorporate storage because the power converters that make DC from the AC that wind turbines etc make are almost identical to the ones that make AC from DC batteries. Also a smart grid can take power first from local sources before relying in distant sources - thats what being smart means.

    "ii) Transmit power during the day from rooftop PVs in residential areas to where the power is needed in business and industry"

    There is no requirement for rooftop PVs to transmit much power. They are primarily for immediate consumption where they are installed. Business and industry can have their own PVs.

    "iii) Transmit power into residential areas in the peak residential usage period from 4 PM to 10 PM when PVs will start to become irrelevant as the sun gets lower on the horizon and then disappears until the next day."

    No really?? I hate to be the first one to tell you this but there is already a distribution system in place to do this. It is called the electricity grid. Really all people that can think beyond 1980 want to do is add smarts to bring it into the 21st century.

    When PVs start to decline then wind can take over or solar thermal using storage or your electric car or the tide or the waves or anything else that was not available in Victorian England where the power grid is stuck today.

  3. Ivan - "The planet where people actually read the details."

    So that would be different from yours where you make the details up and/or cherry pick them from different sources.

  4. Ender:

    "Rooftop PV will only be a small part of this however it will still be important in reducing peak demand from the grid with low emissions."

    Will it really? You seem to love to bellyache about "the grid" but let's keep a few things in perspective:

    a) Typical overall transmission losses from the grid with the US as an example are just over 7% so they aren't that BIG a factor.
    b) In your la-la land you're still going to be heavily reliant on "the grid" to:
    i) Transmit power and load balalnce from those highly dispersed and intermittent wind farms you advocate
    ii) Transmit power during the day from rooftop PVs in residential areas to where the power is needed in business and industry
    iii) Transmit power into residential areas in the peak residential usage period from 4 PM to 10 PM when PVs will start to become irrelevant as the sun gets lower on the horizon and then disappears until the next day.

    Keep smoking it!

  5. Ivan - "It won't cost the earth!

    Based on a SINGLE storey dwelling with a TIN roof in the Perth metro area, your system will be fully installed and exporting power to Synergy

    FROM ONLY :
    $3 500*"

    Fully installed and exporting power to Synergy! What section did you read? What is useless about 150W panels? What planet exactly are you on? Please post the exact link and text - I think you are saying the Solar Unlimited and reading from the Energy Matters link.

  6. "assuming we can't get Ender's very generous WA offer"

    I wonder just how generous this offer is?

    If you actually read the Solar Unlimited website that Ender quotes, it doesn't make any reference to grid connection. Even in the technical specs section (which, incidentally does mention that they use the useless 150W panels).

    However, when you go to their "Connecting to the Grid" section -- what does it say there, under the heading "Cost of Grid Connected Renewable Energy Systems"?

    Let me quote:
    "For example, a 1kW solar photovoltaic system will cost around $15,000"

    Well...well...well.

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