Who Would Want to Own an ETS?

Michael Stutchbury quotes Warwick McKibbin on the likely consequences of Labor’s emissions trading scheme:

Economist and Reserve Bank of Australia board member Warwick McKibbin warns the Carbon Pollution Reduction Scheme is “fundamentally unstable”, the price of permits will be “inherently volatile” and the Copenhagen agenda is in “total disarray”. “The political fallout from this is going to lead to changes,” he says.

The Coalition should let Kevin Rudd have full ownership of the fallout.

posted on 28 November 2009 by skirchner in Economics, Financial Markets, Politics

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