thanks Dave, but it looks like most of the proceeds will go into...

thanks Dave, but it looks like most of the proceeds will go into compensation so there won't be much left over for renewables. I think if the government is serious compensation should be minimal and the revenues quarantined for renewable energy. Once the money goes into consolidated revenue it rarely ends up where it is supposed to (regardless of who is in government).

I don't know, maybe half the problem is this government is trying to be all things to all people and looking weak and indecisive as a result. For now the carbon tax argument is lost (in my opinion) but if they had their time again, the ETS would have been law, everyone would have shared the burden, and life would have gone on pretty much as before.