There’s been a striking divide in reactions to the government’s changes to the ETS, with most of the major environmental groups supporting it, while the Greens (and most commenters here) seeing only negatives. The headline change (a one-year delay in the start date) is so minor that it’s not worth discussing, but it seems to have set the tone for a lot of responses. And some responses have taken it for granted that the government is acting in bad faith, but on that assumption, there is no point in arguing the specifics of policy.
Coming to substantive issues, a major complaint appears to be that the unconditional target of a 5 per cent reduction is not enough. Those making this complaint seem to me to be influenced by an error that’s the mirror-image of the doolittle-delay claim that, since Australia only accounts for 2 per cent of global emissions, we may as well do nothing.
The element of truth in the doolittle-delay line is that, in the absence of a global agreement, the planet is done for. That means that, when offering a conditional and an unconditional target, the crucial requirement for a defensible policy is a conditional target consistent with a global agreement to stabilise the climate. The unconditional target is important only insofar as it helps to achieve such an agreement, and a higher unconditional target is not necessarily a better one.