When even John Quiggin acknowledges a fundamental flaw in the government's emissions trading scheme, and calls for change, it's definitely time to stop and delay the introduction of a scheme that virtually keeps no one happy.
I still think there is little point in introducing anything until we see more clearly the direction the US is going to take. And I still think a carbon tax is a better idea, even if it does not "guarantee" a set level of reductions.
For nearly any problem, Labor tends to be drawn towards gesture politics (the mere appearance of effective action) over steps that ensure actual results. Introducing the present CPRS in its current form would be a continuation of that dubious tradition.
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