Carry over Kyoto!

You know the greenies have infiltrated the Climate Change Authority when you read the following in their recent draft report
Australia's commitment to Kyoto was to keep our emissions to 108% of 1990 levels. While you wouldn't read about it, we are actually ahead of the game. Our emissions are actually at 105% of 1990 levels. Well done team!

The thing is, that gives us around 91 MT of emissions we could carryover into our new emissions target if we decided to sign up to the new Kyoto protocol. That's great. Start on the front foot, ahead of the game. But guess what I found in the report

They are recommending we take the 3% and create an even more aggressive target to try and influence other countries to take on more aggressive targets! As if. We have zero influence with the developing world on this regard and China would laugh at us if we decided to suggest they sign up to these aggressive targets. It could be worse of course. Some of the recommendations offered by Green groups proposed voluntarily extinguishing the credits.

Thankfully, we have a Liberal Government in power who will no doubt disregard the advice, but it just goes to show how the Climate Change Authority is not really economically dry when it comes to offering advice.