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Missed opportunities on Direct Action

Last night the Abbott government announced that it had reached a deal with Clive Palmer to legislate its ‘direct action’ policy. So four months after the repeal of the carbon price, it looks like we’ll again have a climate policy. The question is: is it any good?

There are two key components of Direct Action: (1) the Emissions Reduction Fund, (2) the Safeguard Mechanism.

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Summary: 

Four months after the repeal of the carbon price, it looks like we’ll again have a climate policy. The question is: is it any good?

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