Tony Abbott has already stated that there will be “no carbon price on consumers” under the Coalition. As Geoff Carmody has pointed out in the AFR and elsewhere, this is ludicrous. I suspect that Abbott really means no taxes or other action on climate change, but assuming that this is not the case, any new climate change initiative will and should impose costs on consumers. Imposing a tax on producers does not mean that the incidence of the tax is on producers, and ultimately we need better price signals to move our economy from being such an energy hogg. Unfortunately both sides of politics have played this game of we can change the world but we’ll do it by not making any (median) voter worse off for some time. Disappointing but predictable.