I agree. There is too much room for high prices with an ETS.
Apparently it was $60 five years ago and there are predictions (which I posted recently) indicating an ETS could be trading at $70 per tonne by 2020.
Our electricity bills increased by 50% during the time after carbon tax was introduced - what will it be like at $70 per tonne?
I shudder to think.
Just because prices are low now doesn't mean they will remain so low. Is it a deliberate attempt to con voters into thinking they will be better off because prices are low now?
I don't hear Rudd explaining that they could go up astronomically higher.
