Cap and Trade fiasco

Why give the same traders that have given us sub prime securities and other dubious instruments to ruin our financial systems a new tool for destruction. The cap and trade will end up in the same mess, Australia is too small a player to influence the world carbon sequestration . What we need to do is much more simple ,that is reward those that reduce carbon with tax credits and tax those that that pollute both here and abroad with a carbon tax on their products. In the end everything comes down to the economics of a profitable energy system . By having a cap and trade system we will only make countries that don't pay a penalty more competitive with our producers. Exporters should be exempt from these penalties as it is up to the counties receiving our products to place their carbon taxes on our products. Get rid of import duties and replace it with carbon taxes. Having a cap and trade is only going to sustain the polluters that much longer. Copies to Penny Wong, Minister for The up coming Enron carbon trading system. By the way if anyone thinks it will effect global free trade it will but that term only means the USA getting stuff for free and us paying more. While i am at it if the Reserve bank would stop propping up the Australia dollar our manufacturing industries might be able to compete with Asia . We might also become the tourist destination of choice, i mean it is quite obvious the reserve bank has no idea what it is doing as it was putting up interest rates when it should have let it run it's course as i said earlier in the year.