Hybrid scheme the best of both worlds for cutting carbon


John Daley and Tristan Edis

With a new Federal Government in place, political and policy attention has turned again to carbon pricing. We could have a tax, or a “cap and trade” scheme, but Tristan Edis and John Daley argue that a hybrid scheme would be the best solution. It would reduce business uncertainty, and reduce the costs of cutting carbon emissions. the only “danger” is that we might reduce our emissions by more than we planned, at a cost we are prepared to pay.