Age: THE recently released Garnaut draft report on climate change set out suggestions on the design of an emissions trading scheme (ETS) for Australia. Professor Ross Garnaut reiterated his support for the ETS to cover as many sectors as practicable. In a commendable attempt to produce revenue neutrality, the report advocated auctioning all emissions permits and the return of all money thus raised to households and businesses. Garnaut said: “The cost to consumers of rising …