1. The ETS has not reduced greenhouse gas emissions
2. The ETS should not be the main policy tool for reducing emissions
3. The ETS offers perverse subsides to polluters
4. Carbon credits are permits to pollute and the ETS is little more than a scam
5. We can’t solve problems by using the same kind of thinking we used when we created them

More on the above, read our submission to the Ministry for the Environment.