GOOD POLICY RARELY REQUIRES RADICAL ADJUSTMENT
Not so long ago a floor price to underpin the carbon tax was essential, but a lot can change in two months as Anthony Cox explores in this article at Online Opinion.
"Greg Combet, the minister for climate change [AGW], is the government's 'silk purse out of a sow's ear' man, and accordingly, was left to announce that the floor price for the 2015 transition from a carbon tax to an emission trading scheme [ETS] was being lowered and tied to the European trading scheme.
Even by the entertaining standards of this current federal government this announcement is remarkable. It follows on from a sustained barrage by most of the senior ministers that the floor price was a good thing and would, in Gillard's words, provide "stability".
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