As per the media reports, Malcolm Turnbull has hinted that the there is a chance that Coalition might finally pass the emissions trading scheme. He said so to avoid Kevin Rudd calling an early election over it.

Mr. Turnbull specified that if in case an early election is won by Mr. Rudd then his ETS scheme would undoubtedly get through a joint sitting of the Senate and the House of Representatives.

It was added by Mr. Turnbull that labor’s best chance of winning an election would be before next May.

The business leaders were called upon by Mr. Turnbull during the meeting with the aim to offer amendments the Opposition could put up when the legislation went before the Senate a second time. He highlighted on the point that the Business Council should be willing to back strongly the Opposition's promotion of such changes.

It should be noted that none of about 50 people there put up a hand, when they were asked for a show of hands on who wanted a double dissolution election that would enable the scheme to get through a joint sitting of Parliament unchanged by Mr. Turnbull. 

“The Senate is due to vote on the scheme for a first time next week. But the Opposition, which says legislation should be deferred until after the December Copenhagen climate conference, is trying to avoid a vote until the spring session,” concluded a source.