emission targets

Get real. Economic crises are temporary. Global warming is permanent.

5% reduction in carbon emissions by 2020. (Maybe 15% if the rest of the world pitches in.)
$4 billion compensation package to the coal industry.
Stacks of free emissions permits on offer.
Emissions from logging/deforestation exempt.

More later. Pardon me while I take my shoes off...

Australia's Can't-Do Prime Minister on Climate Change:

Quote number one (House of Reps Question Time, 28.3.07):

"I am aware of the views expressed by Sir Nicholas Stern. Some of the views that he has expressed I agree with, some I have reservations about and some, I believe, if implemented, literally would do great damage to the Australian economy. When it comes to the decisions of the government, uppermost in our mind will be the national interest, not the views of any one individual, however eminent he may be regarded by some."