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Liberal policy removes rewards for bankers

Abbott still panders to the fake carbon scare, but takes the bankers and futures traders right out of the equation by ditching emissions trading:

“A coalition government would create a $1 billion fund that would be used to purchase initiatives aimed at reducing Australia’s greenhouse gas emissions, Opposition Leader Tony Abbott has announced.”

The Coalition will have to find $3.2 b, compared to Rudd’s $40-$114 billion money-go-round.

Mr Abbott said the criteria by which the coalition would judge the bids for spending would fall into four categories. It must involve a reduction in emissions and it must improve the environment.
‘Third, there must be no increase in cost to consumers”, … (fourth, no lost jobs).

So the Libs take the policy that gives them the back door escape route — they can say that nothing about their scheme is bad, even if the science of climate change turns out to be “absolute crap”.

It’s a lot better than the Turnbull-led effort in Nov 2009 of dancing with the trading scheme on offer, except that I wish the  Liberals would be brave — stand up to the science bullies, and just say Who needs any policy at all on a topic so filled with fake claims, bogus references, and vested interests? Lets get the science right.

Still, it’s a no-brainer that for all the vague offerings, and potential waste in the Coalition plan, it’s a thousand times less damaging than the Carbon Pollution Reduction Scheme offered by the Government.

Carbon is not pollution.  ( What kind of suicidal masochistic misnomer is the term “pollution”? We are carbon life forms.)

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