For Australian households and businesses being crushed by out-of-control power prices the Paris Climate Agreement is a maniac’s suicide note.
With nothing else to justify the $60 billion being thrown in subsidies at chaotically intermittent wind and solar, renewable energy rent seekers are clinging to the notion that the deal done in the City of Light will forever hold them harmless from both political and commercial reality.
The more insane aspects of the Paris agreement are yet to bite in Australia: agriculture and transport will eventually suffer the same self-inflicted destruction that has been meted out in the power generation sector.
Australia’s cattle and sheep herds currently number in the tens of millions: 26 million beef cattle and 2.8 million milkers; sheep number around 74 million. Under the Paris deal sheep and cattle numbers will need to be slashed by more than 26% to meet its target for CO2 reductions: get ready for $100 steaks and $200 lamb roasts, washed down with $4 a litre milk.
The diesel-hungry V8 Land Cruisers, loved by city-bound outback wannabes, and the 4×4 dual-cab utes, favoured by farmers and tradies, will also become endangered species beyond 2020, when the more ridiculous aspects of the Paris CO2 targets take effect.