carbon tax article

Been a bit quiet here so I'll post this article - not to spark a debate on climate change / carbon taxes - but because these developments may have a very real impact on the SP of EVM.

I probably shouldn't fear the slanging match here. I can only imagine what would ensue if I posted this in general.

BB is a staunch veteran of such warfare but I generally like to stay in my fox-hole.

Seriously though many of us are invested in EVM because we saw the writing on the wall regarding the future desire for green energy (regardless of the stimuli). I think that that desire will become rapacious in the coming decade. Carbon taxes can only add fuel to that need (pardon the pun).

What better investment to make some cash with and no guilty conscience? If you are that way inclined of course.

Source,

http://www.abc.net.au/news/stories/2011/02/03/3129111.htm

Quote,

"...in recent weeks, a new approach is emerging, and it's one from which any notion of moral obligation has been carefully excised.

In the new Gillard formulation, action on climate change is no longer something to which Australia is morally obliged regardless of the behaviour of other nations; these days, it's an economic race in which it would be perilous for Australia to fall behind.

"Hawke and Keating floated the dollar," she told a CEDA lunch in Melbourne on Tuesday.

"We will price carbon."

Greg Combet told The Age this morning that China and the United States were racing to build new low-carbon economies, and that Australia needed to keep up.

In both China and the United States, the argument from morality has also faltered; neither legislature has any intention of enacting externally-enforceable cuts to emissions, but markets in both countries are nonetheless creating a competitive demand for green technology."

Link,

ABC Drum article