The Carbon Sense Coalition today said that Australia must not renew its Kyoto Agreement.
The Chairman of “Carbon Sense”, Mr Viv Forbes, said that the current failing agreement was signed without due diligence by Kevin Rudd and should be referred to as “Rudd’s Folly”.
Forbes continued:
“Appropriately, the death notice for the Kyoto mis-adventure was posted by Japan, the birthplace of Kyoto, when their representative at Cancun Resort announced:
“Japan will not inscribe its target under the Kyoto protocol on any conditions or under any circumstances.”
“Thus the four biggest economies in our region (USA, China, Japan and India) will not sign; nor will Australia’s big competitors in Brazil (iron and beef), Indonesia (coal), Chile (copper) or Canada (wheat).
“If Australia is foolish enough to renew its Kyoto liabilities it will find itself isolated in the Pacific with only gullible Kiwis and faraway Europeans for company.
“The old Soviets have benefitted from Kyoto by outsmarting everyone on choosing the base year. No one else will achieve the unrealistic Kyoto targets, which is lucky because they could not be achieved without a repeat of the Great Depression or the collapse of the Soviet Union.
“The use of carbon fuels, more than any other index, indicates the health of the real economy. The only way to kill carbon is to kill the economy.
“Japan was shocked to realise the billions in liabilities they had accumulated by not meeting Kyoto target cuts.
“Australia avoided a similar fate by robbing Australian landowners. They stole carbon credits from landowners by imposing vegetation clearing bans. This trick can’t be pulled twice.
“Kyoto also spawned many other wasteful schemes like pink batts, wind and solar toys, carbon burial schemes and regulatory empires.
“The Kyoto Agreement is a costly failure, and the international meetings which document the failure have degenerated into the farce now on display at Cancun.
“Minister Combet should enjoy his tropical holiday, keep his pen in his pocket and sign nothing.”
Viv Forbes, Chairman, The Carbon Sense Coalition, has spent his life working in exploration, mining, farming, infrastructure, financial analysis and political commentary. He has worked for government departments, private companies and now works as a private contractor and farmer.
Viv has also been a guest writer for the Asian Wall Street Journal, Business Queensland and mining newspapers. He was awarded the “Australian Adam Smith Award for Services to the Free Society” in 1988, and has written widely on political, technical and economic subjects.
