Labor has sought to differentiate itself from Coalition by unveiling a much higher emissions reduction target by 2020 and recognising that some form of carbon price – even if only an adaptation of a “baseline and credit scheme” – is needed to achieve it… Labor, though, is not seeking to make climate change a big issue; wary of the “electricity tax” accusations thrown at it by Turnbull, Hunt and others – even though the Coalition would have to adopt a similar scheme if it was to meet even its own modest emissions reduction targets… This much was confirmed by government-appointed review conducted by Energetics, and was to have been the main conclusion of a review by the Climate Change Authority, now dominated by Coalition appointees including the principal author of Direct Action. But this report has been buried until after the election.

>more> RenewEconomy

>more> TheConversation shows “baseline and credit scheme” does penalise big emitters like coal but rewards gas power, sooner or later to become as much a stranded asset as coal