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(9 mins) "Well, look, sadly my views on the ETS are different to my friend Tony Abbott's and I think that Australia needs to take effective action to reduce its greenhouse gas emissions". Malcolm Turnbull has described Direction Action a few times on Q and A. Seems he's caught the Abbott disease. "No, that's not quite true. What I said was..." was claimed by him on 19 Nov 2012 as Tony Jones tried to quote something he'd said on 22 Feb 2010. Fortunately what he said in Feb 2010 is on video, and here it is. Source: / 1termtony Two quotes from Turnbull on the part from 22 Feb 2010, which differ markedly from his 2012 comments: MALCOLM TURNBULL: Well, look, sadly my views on the ETS are different to my friend Tony Abbott's and I think that Australia needs to take effective action to reduce its greenhouse gas emissions. I think the most effective way to do that is thought a market based mechanism, such as an emissions trading scheme. I think the legislation that has gone through the house of representatives, which really had its origins in the Howard Government, came out of the Shergold Report that John Howard commissioned and we started legislating for an ETS when we were in government and, of course, the legislation reflects the agreement to make amendments that we reached - we the coalition reached with the government late last year - I think that ETS is a - will be a - will, if it ever comes into law, be an effective means of enabling Australia to efficiently and effectively cut its greenhouse gas emissions, so, yes, I do prefer that approach. I set all that out in a speech in the house and I was - it made me very sad to have to cross the floor and vote in a different manner to the rest of my colleagues in the Liberal Party. So I was very sorry to do that but I had to do it. ... MALCOLM TURNBULL: Look, there is no question that if you want to have a cost effective way of cutting our greenhouse gas emissions it should be done through a market mechanism where you set a cap on emissions and say, right, that's the limit. People have to acquire permits. This is - when I say people, I mean the thousand biggest polluters have to acquire permits. The price of those permits is determined by supply and demand, naturally, and that's the price on carbon and that drives a whole range of adjustments through the economy. Energy efficiency shifting to lower emissions forms of energy, moving from coal to gas and from fossil fuels to wind, et cetera. It moves all of those changes happen and they happen efficiently through the mechanism of the market. Now, on the other hand, if you think you can actually achieve that result by having a bunch of bureaucrats and politicians in Canberra picking winners then, I'm afraid to say, as a free market person, as a Liberal, as someone who believes in free enterprise, I disagree and that approach - the market-based approach of an emissions trading scheme was, as I said, the policy that we took - we, the Liberal Party in government - took to the 2007 election. But my party, the Liberal Party, changed the policy following the change of leadership on 1 December. I disagree with that change in policy but, unlike the Labor Party, of which Tanya, of course, is a member, in the Liberal Party we respect individual members' rights to express different views and, indeed to cross the floor so - - -