There is no need for a new tax, just a new energy source.But the tax is the best way to achieve that new energy source, if it is even necessary to do so. What if we could reduce consumption by 90% for less than the cost of switching to new enerrgy sources?
Where do you get 90% from? I was being liberal with my estimate in surmising 12%
your proposal is to restrict industry growth to the energy they can afford. No it isn't. My proposal is to encourage industry to restrict emissions without direct government interference. Forcing a specific solution will harm industry growth more than an equivalent tax system would.
Industry is about making money, restricting emmisions will ruin small to medium level business's. Yes a specific solution would harm industry growth in the coal sector, gas sector and oil sector but these are negative growth areas for us.
I am not promoting an energy tax. I am proposing a carbon tax. Renewable sources would be exempt and would be taken up if necessary. The only difference is that industry would not be restricted to that option, which is actually rather expensive.
Carbon Tax is Energy Tax however you want to disguise it. Hot Rocks Energy is not expensive
Increased costs would eventually mean increased prices to the consumer.On the whole costs would not necessarily increase. Some costs would go down. Any price rises would be far less than the price rises caused by forcing a switch to alternative energy sources.