I found this article interesting:
Both main parties agree we need to cut greenhouse gas emissions. But which approach is better: Labor's carbon price or the Liberals' direct action?
"Under Abbott's direct action plan, each major polluting company will get a baseline for the amount of emissions it releases, calculated on its historical average. If a company goes over its baseline it will be penalised a yet-to-be-declared amount. But unlike a carbon price, it would not pay for emissions at business-as-usual rates, nor are its emissions capped. If a company puts in place a project that lowers its emissions, then – along with other groups such as farmers – it could approach the government and sell them the reduced carbon dioxide."
Dirt On Carbon
