Comments on Peter Walsh “Tax carbon to stop corruption”, 16/10/2009, http://www.theaustralian.news.com.au/story/0,25197,26215154-5015664,00.html
It is surprising that few people from the government to businesses to economists are advocating the most efficient instrument to reduce carbon emissions using a carbon tax.
It is puzzling why an ETS is needed within a country.
The costs of emissions reduction have to be borne by some.
If so many rent seeking exist, who are the ones who will have to bear more than their fair shares of the costs, due to those free riders or even profit from the rents they will get?
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