What will Wong’s CPRS actually do?

by Richard Denniss in Crikey
Originally published in Crikey on October 21, 2009

The CPRS is increasingly looking like the answer to a question that nobody asked, namely, what would be the best way to introduce a complex and expensive national scheme that sounds like a solution to climate change without really changing anything? But as the Senate vote gets closer the first question that the Climate Change Minister, Penny Wong, must answer is this: if the Carbon Pollution Reduction Scheme (CPRS) doesn’t increase the cost of transport fuels, doesn’t apply to agriculture and, as Treasury modelling shows, doesn’t lead to a reduction in our reliance on coal fired electricity until at least until 2033, what does it actually do?

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