Friday, July 4, 2008

Garnaut reports

Professor Garnaut has released his global warming report. We will hear a lot more on this over the coming weeks but here are a few thoughts.

What will emission trading do to the State government's electricity privatization plans? It's bound to lower the value of the coal power stations. Carr wanted $35 billion for them, now its down to $8 billion could be a lot less by the time of the sale.

How will nuclear power compare post emission trading? It could very well end up cheaper. I expect we will begin to hear calls for an Australian nuclear power industry.

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