brian fallow on GHG emmission policy

here.

and it's quite a good high level look at the problem.
it's downright alarming for me to actually agree with anything Jeanette Fitzsimons says so let me quote it here before i go and have lie down to recover:

But the Greens want to ring-fence the auction revenue and use it for climate-friendly projects.

"It's absolutely vital for public acceptance of this scheme that people can see where the money is going," says Fitzsimons.

"If we can say we get the money back in low-carbon infrastructure and warmer homes and renewables, people will buy it. I think it's the single greatest reason the public didn't support the 2002 policy package - the money just disappeared into a black hole."