Sunset for Subsidies

For News Editor

Scoop

For Immediate Release

20th July 2010

Sunset for Subsidies.

The Carbon Sense Coalition today called for an end to the massive subsidies distorting all energy markets in the name of global warming.

The Chairman of “Carbon Sense”, Mr Viv Forbes, said that if Julia Gillard was honest in her support for a sustainable Australia, she should start dismantling the five unsustainable industries created by climate subsidies.

Forbes explained:

Today’s buzz word is “sustainable”.

“A sustainable industry cannot rely on government subsidies, market mandates or special deals.

“Warmists and subsidy entrepreneurs have created five unsustainable industries in gullible and guilt stricken western economies – carbon sequestration, ethanol, solar/wind power, carbon forestry and the climate change industry

“Carbon geo-sequestration is the idea that we can alter global temperature by burying the carbon dioxide produced by industry. It is totally without merit yet consumes billions of dollars from taxpayers and shareholders.

“The production of ethanol motor fuel from food producing land may be sustainable in some special circumstances, but has been bloated into obesity by subsidies and mandates. It has also cut food production. It should be cut loose to stand or fall in the open market.

“The next unsustainable industry created with bipartisan support is solar/wind power. These energy sources are useful in certain circumstances but generation of network electricity is not one of them. They should be weaned off the subsidy teat.

“Carbon credits and re-growth clearing bans are creating another parasitic industry – the growth of carbon forests. These are also destroying food production and will de-populate country towns but provide zero long term effect on carbon dioxide levels.

“Finally, climate change regulation, research and summiteering has become a mega-dollar, multi-national industry fed almost entirely on tax payer funds.

“Instead of government nannies lecturing us on which cars, light bulbs and appliances to buy, they should relieve tax payers and consumers of the dead weight of all five subsidy-sucking industries.

“All over the world, governments are waking up to the enormous cost and questionable benefits from all the climate subsidies. Australia need not repeat their costly mistakes.

“The sun is setting on the subsidy society.”

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