What to think of the Ruddy climate?

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.