Julia Gillard has succeeded where her predecessor failed, in a remarkable display of determination and pragmatism. It has brought out the best in a leader whose negotiating skills are proving to be her strongest asset.
The Prime Minister has settled on a plan that attempts to put economic credibility ahead of gesture politics to deliver low-impact incentives to drive innovation. That said, there is little sense in pretending the government's plan is perfect, or to expect that policy purity could survive this finely balanced parliament. The package contains some costly compromises, but retains its integrity by respecting fiscal discipline, acknowledging that adjustment must be gradual and recognising that the market, not the government, should eventually set the carbon price.
All applicants must have entered into an agreement to purchase a home within a regional area, on or after 1 July 2011 and on or before 30 June 2015
All applicants must have owned and occupied the metropolitan home as their principal place of residence within 12 months before the commencement date (contract exchange date) of the regional home purchase
All applicants must sell the metropolitan home either before or within 12 months after the completion date of the regional home purchase
All applicants must occupy the regional home as their principal place of residence for at least 12 continuous months commencing within 12 months after the completion date of the regional home purchase
First, the government is selling permits to pollute, not imposing a tax. About 500 of the biggest polluters will have to buy permits to dump their waste carbon into the atmosphere. Annabel Crabb quotes Gillard as saying:
“Around 500 big polluters will pay for every tonne of carbon pollution THEY put into OUR atmosphere.”
As Crabb says:
WE are getting those polluters to pay for what THEY do to US.
You have to get your head around this aspect if you want to understand what’s going on.
Second, as the scheme proceeds each year there will be fewer permits available. That’s why pollution is sure to decrease. It WILL WORK.
Third, the 80% target by 2050 says that we are serious about climate change and want to go where the rest of the world is going.
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