Bernard, While BlueGen's input costs will be increased by the...

Bernard,

While BlueGen's input costs will be increased by the carbon tax, the value of its output will be increased by a greater margin because the cost of electricity is set by higher carbon producers.

The higher the carbon tax, the better for BlueGen, at least until the point where the price of energy is so high that zero-carbon technologies become competitive and widespread, which is a long way off still.

Unfortunately, this is not the most easily explained concept, and the fact that BlueGen doesn't provide renewable energy blinds many people to the fact that is still one of the greenest technologies because it offers one of nearest and most realistic hopes for large-scale carbon abatement.

I just hope CFU can get the capital costs down to the point where the economic argument becomes so obvious and overwhelming that explaining the nuances wont be necessary.