The jury's in on 'direct action'. It's dead in the water & hasn't been mentioned for yonks. It's a promise already broken!
Analytical reports showed that it would have been a bigger burden on the economy & even some Liberals pointed out its only advantage was that is could easily be scrapped.
Facing what now appears to be a $78b funding black hole during the term of the next government that grows bigger every time Abbott opens his mouth, Tony Abbott will be in real budgetry strife.
Abbott will have to break major promises & thereby wear the 'great big lies' tag he has so effectively attached to Julia Gillard.
Nor will it make any real difference to carbon emissions. It'll just be a handout to companies the Coalition wants to give money to.
Therein lies one of Tony Abbott's dilemmas, if he becomes PM as seems highly likely, scrapping the CT/ETS will cost government a lot of revenue & involve some really messy unwinding that will make pink batts issues look like a well-organised picnic.
