Representative of the cheering, Nature Climate Change has just published an essay that celebrates the tax as a model for other countries, without noting that it has been used intentionally as a political wedge issue making it deeply unpopular, and more importantly, that it will do almost nothing to help Australia to meet its short-term emissions reductions targets. This sort of willful blindness is endemic in climate policy discussions among those calling for action. Perhaps the thinking is that maybe if we pretend, then the fantasy will become real.
To understand why Australia's approach to emissions reductions will not just fail, but perhaps even mask BAU as progress, one simply need do a bit of math. Have a look at this analysis (here in PDF) of the targets and timetables of Australia's proposed short-term emissions reductions targets.
Here is the bottom line from the quantitative analysis:
Of course, when pointing out such things the most common response is likely to be -- "Look boss, de plane, de plane!" I explain in the paper:
The point being made here of course is not about nuclear power or even solar thermal plants, but about the enormous level of effort needed to meet the proposed short-term targets for Australian emissions reduction. The magnitude of the effort required helps to explain why policy makers look to offsets and other accounting schemes to achieve targets. Regardless of the nature of the legislation ultimately adopted in Australia, the actual decarbonization of the Australian economy will all but certainly fall short of the rates needed to hit the emissions reduction targets.
Australia has a very carbon intensive economy, thus its ability to dramatically accelerate the decarbonization of its economy offers the promise of many valuable lessons for other countries around the world. However, a focus on targets and timetables for emissions reduction that will be impossible to meet in practical policy implementation runs the risk of engendering public cynicism and even opposition. Currently the nature of international climate politics is such that aggressive promises are met with applause, regardless of their feasibility.In the coming 10 days, we should expect much discussion of Australia's carbon tax, but very little of it touching the ground. Welcome to Fantasy Island!