emissions trading

Finally, the federal government has a policy for the electricity sector: the National Energy Guarantee. (NEG. Did it think this one through?)

It is, effectively, an emissions trading scheme applied to electricity. It is similar to other schemes — the Clean Energy Target (CET) and the Emissions Intensity Scheme (EIS) — supported by Labor.

Some environment NGOs have been quick to say that Australia’s carbon price has sharply cut carbon emissions in its first year. The claims not only contradict the evidence, but are positively deceptive: an exercise to cast a deeply flawed policy as a serious response to climate change.
About 400 activists from across Australia converged on Sydney over June 21-23 for Australia’s Climate Action Summit 2013. As the science of climate change becomes ever more alarming, and as the refusal of business and political elites to act becomes ever more glaring, the activists met to share ideas and strategies to build a strong movement for a safe climate.
The warnings were clear and now it’s happened: bending over backwards with carbon tax compensation to appease Australia's dirtiest electricity generators, the Gillard government has handed big coal billions in windfall profits, whilst consumers are effectively paying twice for the carbon price.