The Long and Costly War on Carbon

The Australian government claims that next month's tax on carbon dioxide cannot be blamed for today's soaring costs of living. This tax, however, is just their latest assault in the decades-long war on carbon that is already inflating the cost of everything. For at least a decade, power companies have been obliged to source 10-15% of their power at inflated prices from costly and unreliable sources like wind and solar. And for every wind or solar plant built, a duplicate backup gas facility is needed, increasing the demand and price for backup gas, hitting other gas consumers. Moreover, the threat of more carbon taxes has deterred the construction of efficient new coal-burning power plants. Rising electricity costs feed into the cost of everything from public transport to building materials. The climatists are also responsible for numerous policies pushing up the price of food. These include the ethanol/biofuel madness, the restrictions on the fishing industry, the Kyoto scrub...(Read Full Post)