Abbott gets his carbon black hole

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From Business Spectator:

The federal government’s $2.55 billion Direct Action climate policy will pass the Senate after a deal was struck with the Palmer United Party.

…The Climate Change Authority will be retained until the next election at least.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.