This morning the Greens launched a raft of amendments to improve the Government’s CPRS bill.

They involve higher targets -- 25-40% greenhouse gas emissions reduction by 2020; an industry compensation mechanism based on that proposed in the Garnaut Review, which involves compensating trade-exposed industries for the difference between their competitiveness under the scheme versus business-as-usual; a mechanism for tallying voluntary action and reducing emissions targets accordingly, and a far more rigorous process for imported carbon credits.