The McKibbin model a second best at best

Comments on Michael Stutchbury “McKibbin bid to spread the load”, 4/12/2009, http://blogs.theaustralian.news.com.au/currentaccount/index.php/theaustralian/comments/mckibbin_buid_to_spread_the_load/

But surely there should be some sort of markets for those free long-term emissions permits, shouldn't it? Otherwise how business and people sell (or buy) emissions permits?

Doesn't involve emissions trading? Or is it not called that, but another name?

Yes, I know there is a difference that the rights belong to businesses and people, not government. But that does not avoid the question of trading.

In that there is a difference that the government does not have that right as a tax to businesses and people.

While such a scheme may be better than most cap and trading schemes, it is likely still much inferiors to an explicit carbon tax on pollution and distribute the tax equally to everyone.