The Australian government this week introduced to parliament a package of bills to regulate carbon. The government is a Labor minority, backed by Greens and independents. Labor is not doing well in polls (this is an understatement), and would lose to the Coalition (of Liberal and National) were there a new election for the House of Representatives.
The Coalition has promised to scrap the laws if they have passed before the next election (which is, presumably, likely). The Climate Change Minister, Greg Combet, has pointed out that the Coalition’s promise is “silly“. As reported in News.com.au:
The business community would be likely to be telling Mr Abbott [Coalition leader] once the legislation was in place and the scheme had commenced that carbon pricing was necessary to understand the nature of investment decisions and gauge expected returns, Mr Combet said.