This bit is sensible:
Australia\’s government launched a third attempt on Thursday to make carbon polluters pay for their emissions, unveiling plans for a fixed-price scheme from 2012 and vowing not to surrender this time in the face of fierce opposition.
Yup, a carbon tax, just what is needed. One single fixed price for emissions, whatever the source or technology.
But crucial details, such as the actual starting price and the level of compensation to be paid to affected industries or households, have yet to be agreed with the Greens. Gillard said no decision had yet been made on any of these issues.
This bit is not sensible.
Making it revenue neutral is very sensible indeed, one might increase the income tax allowance, reduce social security taxes of GST by the amount you think you\’ll raise. But even the idea of compensating the industries affected is ludicrous.