Tuesday, February 3, 2009

ETS another sub-prime?

At one stage I thought that an emissions trading scheme was probably the best way of moving away from a carbon economy, but the real world says it isn't.

Federal parliament today sits for the first time this year and one of the issues on the notice paper will be a bill aimed to establish an ETS - what the government calls a Carbon Pollution Reduction Scheme. They would be best advised to look at just what is happening to the EU's ETS.

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