Australia’s error – dig it up, ship it out, high carbon mentality
Lack of certainty on a carbon price stunts the growth of fledgling alternative energy industries, stifles consumer behavioural change and, combined with conflicting regulatory measures, leads to non-optimal short-term decisions, while both main political parties lack the stomach to take on the vested interests. So we fall back into the comfort zone of our dig-it-up and ship-it-out high carbon mindset. In so doing, we are making arguably the greatest strategic error in Australia’s history.
Our great strategic error, ABC The Drum Unleashed, 21 Aug 2010, “…Our resource base is formidable and expanding. But that bounty is fast becoming our Achilles heel. Our exports and domestic energy systems are carbon extensive, our per capita carbon emissions are amongst the highest in the world…….
If the world now moves rapidly to a low-carbon footing due to the need for an emergency response to climate change, whilst facing increasing oil scarcity due to peak oil, many of our traditional advantages turn into major strategic risks; that is risks beyond our control which have the potential to fundamentally change our way of life, and undermine our economic strength……….
the resource sector, buoyed by bullish forecasts of coal and gas demand are forging ahead with fossil fuel developments; doubling coal exports over the next 20 years, expanding LNG exports and establishing a coal seam gas industry with major investment in mines, railways, ports and processing facilities – but with no proven means of sequestering the associated carbon emissions.So Australia ends up in the worst of all possible worlds. Science is clearly indicating the need for radical emission reductions. Vested interests ignore these calls, continue to undermine any sensible reform and, by special pleading render ineffective even the minimalist reform proposed in the interests of short-term advantage.
Lack of certainty on a carbon price stunts the growth of fledgling alternative energy industries, stifles consumer behavioural change and, combined with conflicting regulatory measures, leads to non-optimal short-term decisions, while both main political parties lack the stomach to take on the vested interests. So we fall back into the comfort zone of our dig-it-up and ship-it-out high carbon mindset. In so doing, we are making arguably the greatest strategic error in Australia’s history.
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