JAWS OF DEATH
A mild prediction from the Age’s Paddy Manning:
The jaws of death are opening wider for Australia, ensuring maximum economic damage when they finally snap shut, crocodile-style.
In the past fortnight we've been overtaken by New Zealand (a limited ETS with carbon priced at $NZ12.50 a tonne) and India (coal levy, as a prelude to a carbon tax, set at 50 rupees a tonne, to fund clean-energy projects).
As author Guy Pearse observed in his recent ''King Coal'' essay for The Monthly magazine, Australia will soon overtake Saudi Arabia as the world's leading carbon exporter.