Missing the point on carbon pricing

Many wonder why environmentalists concern themselves with the level of the carbon price given the 2020 emissions reduction target will be met regardless. But just as the NAB Cup is merely a warm-up to the real AFL season, 2020 isn't the end goal.

The decision to drop the carbon price floor, while at the same time place greater restrictions on the use of carbon credits from developing countries, can be quite baffling to some of my economist and financial trader colleagues and friends. Many of them don’t understand why environmentalists would be bothered by the level of the carbon price, provided the 2020 emission reduction target is achieved.

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