Kevin Rudd himself will be unveiling the most significant structural reform since the 1980s and 1990s when Australia’s economy was opened up. Two major announcements so far: the compensation package for households used from the permit allocation revenue and a fast-tracking of the ‘Renewable Energy Fund’ (which includes CCS, geothermal, solar and wind). The centrepiece is of course the Carbon Pollution Allocation Scheme. The big detail to watch for: will additional voluntary action be accounted for? Update: *gulp* looks like the government plans to swallow up all action.
The 2020 targets will almost certainly be flexible of between 5-15%. Peter Wood takes issue with Chapter 4 of the Green Paper dealing with these figures.
Andrew Norton summarizes his climate change media watching over the past month.
Glenn Albrecht comments on Paul Howes call to class war over an ETS in the Opposition Organ.
More to come throughout the day
Update: The White Paper will be available from here at Midday. (h/t Peterc in comments)
Peterc “Will Kevin Rudd be a coal eating surrender monkey?”
Update: Crikey has been liveblogging. Clive Hamilton is amongst the contributors. Via comments there, John Connor from the Climate Institute:
Rather than backing smart voices in forward looking industries, the Government has buckled to the short-term interests of selfish business voices. “What’s worse is that the Government has increased the number of free permits to major polluters and watered down the conditions which require them to clean up their act in return. This corporate welfare with inadequate transparency and accountability effectively means ordinary Australians are shelling out around $550 per person in 2020 to polluters.”
Update [by Mark] Commentary in the blogosphere from John Quiggin, Sam Clifford, Possum and Gary Sauer-Thompson.
Update: Peter Wood
Update [by Mark] At New Matilda, Geoff Davies writes that Labor has sold the country out to the business lobby, Anna Rose reports from the white paper “lock up” and Ben Eltham considers the prospects of Senate passage.
Update: [by Mark] The Greens call for a day of protest action tomorrow.
Update: [by Mark] More blogosphere reaction from Go Greener, Australia, Deltoid, No Right Turn, Not a Hedgehog and Typing Is Not Activism.
Update: [by Mark] Anna Rose at New Matilda parses the White Paper.
Update: [by Mark] Christine Milne.
Update: Guy Beres on Mr 5%, Deltoid: as long as we beat New Zealand
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