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Not Worth a Plug Nickel : Comments
By Alex Stuart, published 24/12/2010All the real world evidence available says that carbon markets will fail because all of them have so far.
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Therefore if CO2 cuts are slow arriving it must be partly blamed on the government's weakness and blind spots as an umpire. Another huge blind spot is the export of coal and LNG meaning that Australia is complicit in more emissions that the large amount we already own up to. If genuine CO2 cuts will hurt the hip pocket then tax and welfare should be adjusted, so long as the money is not spent on more carbon intensive services. The public must be prepared to make some sacrifices without punishing any government that implements them.