So this is how bizarre 2011 was. Both Labor and the Coalition agreed they would act to reduce Australian emissions 5% by 2020. The Labor lot, allegedly socialist, were going to use market mechanisms. The Coalition, ostensibly in favour of ‘free markets’ were going to us… an expensive government-funded set of incentives and regulations known (for the lulz) as ‘Direct Action.’ Yeah, go figure, #worldturnedupsidedown. In this context former Liberal leader John Hewson (the one who had refused to meet with Australian Conservation Foundation, back in 1992) explained to ABC’s Lateline “how direct action includes an implicit carbon price which is far higher than an ETS.” [At least according to this timeline by Labor’s Mark Butler MP. But the link provided goes through to a Garnaut interview!]
Also on this day-
Thorne, G. 2006. Carbon capture the key to cutting greenhouse gases. Australian Financial Review, 17 March.- “Australia has the opportunity and responsibility to explore emissions-reduction technologies,” writes Grant Thorne, (managing director of Rio Tinto Coal Australia.)
2009 Bernard Keane’s excellent report on the Heartland Institute’s conference. Really worth a read!