The compromise reached by the Committee is a fixed price on carbon for 3 years, then a transition to an ETS. All parties have compromised:
- The Greens wanted an ETS, including on-farm activities.
- Rob Oakeshott and Tony Windsor wanted an ETS, not including on-farm activities. They represent rural and regional voters.
- Labor wanted an ETS, but different from that, and it had twice lost a vote in Parliament.
Politics is sometimes defined as 'the art of comprommise', but it seems to me that it often compromises good public policy.