I hope we can use this thread to pool our information about the proposed Australian legislation on carbon emissions.
I was a bit startled that there's no direct link to a description of the bill from the home page of the Dept of Environment and Climate Change http://www.climatechange.gov.au/. However it's not too hard to find. This page is an overview of government action to reduce carbon http://www.climatechange.gov.au/en/g...nt/reduce.aspx and there's a link from it to a description of the bill. There's also a link to a description of something called the "National Greenhouse and Energy Reporting Act 2007", which is about how we measure what's going on. I think the overview is worth a look so I'll stop here with the URLs.
There are questions on several threads about how emissions trading will - or even could - reduce carbon emissions. I'm prepared to have a go at a general answer to that: alone, it won't. However the bill that's almost being debated in the Senate doesn't propose emissions trading alone. It also implements a cap on the nation's carbon emissions. The cap's the thing that will reduce emissions. It's also a major influence on the price of permits to emit.
As ever the devil's in the details and so is most of the obfuscation and fury. I hope we can pull together some real information about the details, from all our various sources.