When the Department of Climate Change decided to change the name of the national Emissions Trading Scheme to the Carbon Pollution Reduction Scheme, they really hit on a winner. Yes, it’s a bit harder to say – the CPRS doesn’t roll off the tongue like the NETS. In fact, it sounds a bit like a medical procedure, but it’s a brilliant name change because now the scheme is being referred to in terms of its goals, rather than its mechanism. The new name puts all the focus on what the scheme wants to achieve. The emissions trading scheme is simply the way in which it’s going to be done.