Doing nothing is preferable to this

(The Carbon Tax)...policy design madness has two downsides. First, across very many industries, our trade competitiveness is reduced. One response will be to reduce output and shift to competitor countries not imposing a carbon price. This includes agriculture, due to carbon pricing of its inputs, despite its proposed exemption. Australia loses activity and jobs. Emissions reductions here are partly offset by increases overseas. Read Geoff Carmody's Opinion Piece here.