Misleading on an ETS 'free' market

The idea that an ETS doesn't meet a criteria for a 100% free market and therefore should be avoided as a climate policy mechanism is nothing short of mischievous.

Tim Wilson, director of climate change policy at the Institute of Public Affairs, argued in last Friday’s Climate Spectator that because an emissions trading scheme doesn't meet 100 per cent of his criteria for a "free" market, it should be discarded as the most effective and efficient central policy for addressing climate change. This is a classic straw man argument, as mischievous as it is misleading.

First, does Tim accept the existence of the climate change problem? Without that acceptance his rejection of an ETS or any policy instrument to reduce greenhouse gas emissions is perfectly logical.

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