The biggest thing in Carbon emmision reduction

The down turn in the world economy is the biggest factor at present to reducing green house gases with OPEC member nations cutting oil production by 4.2 million barrels a day. To keep these savings and generate jobs the world needs to replace this energy with renewable's before there is an upturn in the world situation.

Peter Costello

This man was the shadow treasurer for 3 years and the treasurer for 12 years . He has remained on as a loyal liberal back bencher working for his electorate. Not shirking his responsibility to represent his electorate simple because the party lost costing the taxpayer for a byelection. The brilliance of a man that steered us clear of the Asian economic crisis and Sars affects on asia pacific economies is without doubt testimony to his abilities. He brought in surplus budgets and reduced a 90 billion dollar debt which hung over Australia from the previous big splurging Labour governments, that gave us the recession we had to have which was nothing but rubbish with an unproven fantasy j curve concept from Keating. Which with a better manager of our economy like Peter could have been avoided. The situation of the party not backing Peter against Howard for inter generational change is what caused them to lose the election .

The self interest of the Nelsons and Turnbulls seeing their chance to lead if the Howard Costello partnership failed took an bet each way . This has come back to haunt both of them with Peter returning the favour of not opposing the but not really backing them as they did him. It was quite obvious they all wanted Howard to go long before the election but used it to their advantage . Well i feel after 15 years doing so much for this nation without the full support of the liberal party. Peter is now well within his rights to take it easy, reflect and make those that did not really support him squirm in their elected seats. To bide his time until he has formulated a fully balanced strategy to put to the Australian people that will get us out of this mess .

I don't agree with all Peter's views especially on work choices laws. Then i don't agree with the big spending policies of the labour party , i mean any idiot can spend money but what we really need is a government that can incentivise us, superannuation funds and business to spend our own money in productive enterprises that will reduce our foreign debt.

One thing that could be done is to change negative gearing laws to only apply to new constructions and new assets for a period of 10 years similar to what Keating foolishly introduced across the board but with interest rates at 17%. That was like a final nail in the economies coffin but with interest rates this low it could transfer investment into new employment creating homes and business's.