Europe has been looking at a carbon tariff on import, because they are losing industries to China, the worst thing is, China has more inefficient coal fire plant, then Europe and the Shipping also emit much more CO2, so actually the ETS in Europe has increase Europe's per capita CO2 emittion, they just transfer the emittion to China. The amount of job lost in Europe because of their softer ETS is part of the reason most European economy are struggling. The other myth that Australia will led the world in clean energy, let us look at Europe again, they import solar panels from China, the irony is that China makes it cheaper because it has no ETS/carbon tax, most wind farms are in receivership or owned by the government. The other myth that there will be no lost jobs. One of my friends own a printing business, and it is estimated Carbon tax will increase his cost by 2-5%, he is already suffering from cheap import printing from China/India, the Carbon tax might drive him out of business, the same will happens to all our retailer, where extra energy cost will make more people buy off-line from America, Gillard is going to destroy thousands of jobs in Australia History will remember Julia Gillard, as the liar that she is, and for stuffing up the budget and destroying the Australian economy. Gillard better hope the Miners and China saves this incompetant government for a second time. fiz says: 08:19am | 14/09/11