With the release of the Coalition’s climate change policy, my impression is that we have at long last reached policy convergence. The policies of the two major parties are hardly different from one another when compared with the policies of other countries or any past, I guess, lack of policy action. There are some details where there are difference but thankfully, Malcolm Turnbull has avoided getting into headline emissions target bidding (whether up or down) and instead has emphasised some areas that the government hasn’t: most notably, the lack of carbon offsets being part of the ETS.
So overall, we have broad mainstream political agreement on climate change. I must admit that I think the Coalition’s arguments for delaying the introduction of the ETS are weak (why delay the inevitable when there is nothing more to learn) but their arguments that we are not seeing enough positive action to complement the ETS right now is a strong one. Everyone needs to get to work and do so quickly.