My final argument will be based on the effectiveness of this tax: The tax will have no significant impact on greenhouse gas emissions. It has been claimed that an Australian carbon tax will have no significant impact on the level of greenhouse gases in the earth's atmosphere. This claim has been made on two bases. Firstly that it is unlikely to succeed in significantly reducing Australian greenhouse gas emissions and secondly, that even if these emissions were to stop completely this would have no useful effect on world greenhouse gas emission rates. Critics of a carbon tax for Australia argue that it will damage our economy without reducing climate change. The independent think tank, the Institute of Public Affairs (IPA) has stated that the proposed tax, although burdensome and damaging is not sufficiently large to force reinvestment in different forms of power generation. In a media released issued on March 2, 2011 and published in The Age, the IPA stated, 'The price itself, while severely harming the carbon-intensive, coal-based generators, would not force their premature departure from supply, which would be necessary to leave a gap for new gas generators.' The IPA Review in September 2008 included the following response to Kevin Rudd's proposed emissions trading scheme, 'Australia contributes 1.1 per cent of total global greenhouse gas emissions. Our contribution is dwarfed by big emitters like the United States which contributes nearly 21 per cent, China which contributes 17 per cent, and Russia which contributes just over 5 per cent.'
All in all, there is no positive outcome for this tax, yes it is true that it reduces greenhouse gases, but things cannot always be solved with money. If we, as the Australian people want to make our environment cleaner, we should not just pay up to the government to clean our environment, we live in it, so we must put in some effort to prevent this ongoing issue. Thank you.