Crikey - Milne: Garnaut can't see the forest for the trees - Milne: Garnaut ca... - The Diigo Meta page

• 04 Jul 08
  

  Suhit Anantula
  • Further to this, on the vexed issue of compensation, Professor Garnaut’s focus on equity, and supporting low income Australians well ahead of industry, is pleasing. As we had hoped from the man who noted that nobody was compensated when we floated the dollar, Garnaut is strong on not compensating the coal industry for stranded assets.
  • Garnaut’s biggest problem, however, and the one which may condemn by association all the good material in this draft report, is his support for a slow start to the regime, with a carbon price cap ensuring we don’t try to beat our pitiful Kyoto target, and a significant step backwards on the ALP’s 60% 2050 target, which he now sees as acceptable in the current global context.

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