Curiously, the greenpaper was released only days after the Garnaut draft on climate change, and it fails to meet several of Garnaut's key recommendations.
The significant problems are:
- emission permits will be given away to the most polluting industries
- cash payments will be given to coal fired power stations
- fuel excise will be lowered to compensate for fuel price increases due to a carbon price
Unfortunately, this structure of the CPRS greatly compromises any real effect on reducing emissions.
The Federal opposition led by Brendan Nelson has an even worse policy position. They are arguing about delaying the start date for emissions trading (the CPRS) by pushing it out to 2011 or 2012. In a nutshell, they are just playing politics, and still have several "climate change denialists" within their ranks.
We need to write letters to all our elected politicians telling them it is just not good enough - we need emergency action to decarbonise our economy, not political games and weak ineffective schemes and policies that favour big polluters and don't reduce emissions.