Leaders' Log

The Business Spectator discusses the call for a rally against the carbon tax.

Every nation needs to take immediate, substantial and sustained action to curb carbon emissions if we are going to have any hope of stopping the global average temperate increasing by more than two degrees, after which the melting of the tundra will release the carbon stored there causing a positive feedback loop with irreversible run-away climate change.

A market mechanism such as an emissions trading scheme is the most economically efficient and effective means of reducing emissions. However, having a fixed price for a period of time is reasonable to allow for a period of adjustment.

The call for a rally against this seems much more like a party-partisan political stunt inciting fear and appealing to self interest with an eye to the next election rather than a demonstration of leadership to develop a policy solution to a significant threat to the ecology and the economy and therefore the families and individuals embedded with those systems.