Killing Australia’s carbon tax is a good idea but it should happen now, not later. But replacing it with an ETS is a very bad idea and should never happen.
The carbon tax is a known amount, simple in principle, needs no bankers or brokers, and all receipts end up in Australian hands. And it is easy to abolish at any time.
The ETS is a variable and unpredictable carbon tax. It creates business uncertainty, is complex in operation, encourages brokers, lawyers and speculators and it will drain our money to middlemen and into the European carbon credit casino. And it will create a growing army of vested interests who will forever oppose its abolition.
Neither the fixed tax nor the vacillating tax will have any beneficial effect on climate.
