Financial Standard Comments - Carbon tax ready companies to produce profits The renewable energy market is already posting gains on the share market since the carbon tax announcement with Ceramic Fuel Cells and Carnegie Wave Energy up around 15% and 20%, respectively, above Friday's closing price while Geodynamics is up 25% today. https://www.financialstandard.com.au/feed/latest?story=12100452 Mon, 11 Jul 2011 14:28:30 +1000 Mon, 11 Jul 2011 14:28:30 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by gerry () ..ready to produce profits from where....from government stimulus? Would they be profitable on a stand alone basis? There was a reason why investors didn't go near alot of these renewable energy projects.

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]]> gerry () Mon, 11 Jul 2011 14:28:30 +1000 Comment by No gerry! () Be careful you don't trip over your double standards Gerry!
The majority of the fossil fuel infrastructure in Australia (and around the world) was built by the public sector, and even as recently as 2007 the IEA estimates global fossil fuel subsidies at around $557 billion. http://www.iea.org/files/energy_subsidies.pdf
Add to that the fact that fossil fuels cause massive environmental and public heath impacts (from mine to tail pipe/powerplant) which result in costs that are not being paid for by the miners/generators and you have an even bigger subsidy. See:
http://chge.med.harvard.edu/programs/ccf/documents/MiningCoalMountingCosts.pdf
http://chge.med.harvard.edu/publications/documents/oilfullreport.pdf
So you should do some research and ask yourself who exactly is getting a free ride here?

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]]> No gerry! () Mon, 11 Jul 2011 17:18:52 +1000