Labor's carbon price pragmatism

Under ideal circumstances the carbon pricing scheme would have been left to develop under the protective sheets of a price floor and ceiling. But political pragmatism dictates that today's move to link with the EU ETS is likely the right one.

The price floor in Australia’s permit trading scheme will be replaced with a binding limit on CDM emissions credits, coupled with early linking to the EU emissions trading scheme, the Australian government announced today. It means a common carbon price in Australia and the EU, from 2015.

In an ideal world, maintaining the price floor and linking later would have been the preferable. But with political pressure on the price floor and the carbon pricing scheme overall, the arrangement announced today is a good alternative.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles