No matter how you juggle the numbers and fiddle the details, the latest changes to the emissions trading scheme are a disappointing vote for the status quo, write Dr Regina Betz and Dr Iain MacGill.
Charities and environment groups joined researchers at UNSW this week to discuss one of the biggest challenges of an emissions trading scheme - ensuring fair distribution of the cost of carbon.
A UNSW academic has warned that a poorly designed emissions scheme might fail to shrink Australia's carbon footprint while providing large polluters with windfall profits.