John Quiggin � The return of the ETS
The whole issue of carbon pricing via emissions trading schemes and/or carbon taxes has always been very complicated, and I generally used to tend to doubt the wisdom of the former.
And given that the European scheme is a bit of a mess that may or may not be capable of being fixed, the Kevin Rudd policy of moving to a floating price ETS a year ahead of schedule seemed something very hard to judge.
I therefore had to outsource opinion on this to John Quiggin, and as he does not seem particularly perturbed, perhaps I should not be either.
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