Frontier Economics recycles its submissions to government and turns them into Turnbull's Greener, Cheaper, Smarter ETS? rofl

In September 2008 business consultants Frontier Economics (Australia) made an 18-page formal submission to the Commonwealth Department of Climate Change on the emissions trading scheme Green Paper.
It has previously made a 36-page formal submission to the Garnaut Climate Change Review in April 2008.

Unsurprisingly in August 2008 the consultants also advised on a joint industry response by the National Generators' Forum (which represents 22 major power generators) to the Rudd Government proposed emissions trading scheme.

What all this means is that the Rudd Government had considered Frontier Economics' assessment of ETS models and conclusions before it finalised the government's own proposed Carbon Pollution Reduction Scheme(CPRS) legislation.

Now I may be a trifle thick here, but I cannot see how Malcolm Turnbull or the Coalition get any political brownie points for this basic reworking of Frontier Economics earlier positions with a bit of colourful window dressing thrown in to produce the August 2009 Greener, Cheaper, Smarter ETS aka the 102-page graph ridden report The economic impact of the CPRS and modifications to the CPRS:REPORT FOR THE COALITION AND SENATOR XENOPHON.

If Rudd's CPRS is shaping up to be a dud because it gives too much leeway to dirty industries, then Turnbull's ETS is a complete disaster because it appears to give these industries even more (with only a promise of very short-term savings for ordinary Australian households during implementation of this scheme) and without a clear, workable incentive for industry to actually reduce greenhouse gas emission levels.
It seems we are supposed to rely on other countries doing the actual carbon reduction and being ever willing to sell Australian industry what Turnbull fondly supposes will be rather cheap credits.

Conclusion: Malcolm Turnbull will continue to be an embarrassment until his party finally potty trains this political l'enfant terrible.