A Market-Based Approach to Emissions Reduction

‘... the Business Council of Australia, in its submission to Howard’s Emissions Trading Task Force, supports a “cap and trade” scheme based upon the concept of a targeted level of emissions with permits allocated to get there. Here is proof that business backs action, that it wants a market-based approach and that it favours a target to deliver certain environmental progress.’  

From comment piece by Paul Kelly titled ‘Spreading the Faith’, The Australian, 31 March 2007, p. 19.