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Abbott on carbon trading: ‘non-delivery of an invisible substance to no one’

Posted on 16 July 2013

Minister calls opposition leader ‘an economic illiterate and a climate change denier’ after he attacks emissions schemes. Tony Abbott has branded emissions trading a “so-called market” that deals in an “invisible substance”, carbon dioxide, as the Coalition digs in politically ahead of Labor’s looming overhaul of its clean energy package.
Emissions trading is an internationally recognised market-based mechanism for reducing carbon pollution, and was the policy of the previous Howard government before it lost the election in 2007, but the opposition leader declared on Monday that carbon markets were not true markets because they traded an “invisible substance”………………………………………..Full Article: Source


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