CPRS = Carbon Pollution Reduction Scheme.
Since the Australian Climate Summit (and the ACF) resolved to 'prevent the scheme from becoming law' it would be interesting to know what others think.
From the environmental/climate change lobby it has been slammed for (amongst other things):
- setting a low target of 5% emission reductions by 2020;
- proposing massive compensatory payouts for big business carbon polluters;
- ignoring voluntary emissions reductions undertaken by citizens and businesses.