future of manufacturing, page-17

what it could mean is that we just "export" the CO2 emissions overseas when local business relocates and/or is replaced by imports not subject to the same regulations as Australian manufacturers. The carbon tax couldn't really come at a worse time with most of the economy outside mining in recession and the dollar above parity.

I do agree with MobyT though that some action now could be a lot less painful than having to take more drastic action later...transition is painful but less so if gradual.