Brian Fallow analyses the Government's proposed emissions trading regime. He joins the list of seeing that the scheme is flawed.
All this makes a bleak contrast with the now-abandoned negotiated greenhouse agreements process which was being pursued when the policy was to have a carbon tax.
Instead of a one-size-fits-all approach, it allowed individual industrial emitters - there aren't all that many of them after all - to negotiate a programme for reducing emissions based on how far they are from world's best practice for comparable plant and a reasonable timeframe for converging with it.
That still makes sense, unless the policy is simply to reduce national - but not global - emissions by driving energy intensive industries overseas.
This is a global problem. Penalising our economy while doing nothing for this global problem seems really dumb.
