Infographic: Visualising The Size Of Australia’s Carbon Derivatives Time Bomb
On July 1, 2012, the government’s Clean Energy Future scheme will officially begin.
You know it as the carbon “tax”. It has been called a “tax” over and over and over again, by politicians, economists, bankers, and other vested interests, for a simple reason.
There are many who want you to think that the scheme to “put a price on carbon” is safe; that the government’s implementation of a “carbon price” is careful, methodical, and prudent. A “fixed price” on carbon dioxide for 3 years. And only after 3 years, a transition from a fixed price to a “floating price” emissions trading scheme.
But there is something very important that they are not telling you.
There is a Ticking Time Bomb Hidden In The Carbon Tax.
It is called “derivatives”.
Carefully buried in 1,000+ pages of legislation, just 2 tiny, opaque clauses (109A and 110) have been included…
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