Abbott’s Invisible Best Plan for Emission Reduction

On Monday, Tony Abbott told the crowd, “‘Just ask yourself what an emissions trading scheme is all about. It’s a so-called market in the non-delivery of an invisible substance to no one.”

However, a few years ago, and still visible on his own website, he wrote, “Then there’s the question of the best mechanism for reducing emissions on which an international agreement might be reached. There is much to be said for an emissions trading scheme. It was, after all, the mechanism for emission reduction ultimately chosen by the Howard government. It enables an increasing market price to be set for carbon through capping volumes of emissions.”



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