Three Australian outlets report criticism of Australia’s flagship emissions policy, arguing that it undermines national climate targets. The articles state that the policy effectively rewards companies for maintaining or limiting emissions activity rather than driving substantial reductions. They use the analogy that the approach is like “bailing out a boat with a teaspoon while adding water by the bucketload,” to describe a mismatch between the scale of incentives and the level of emissions cuts required. The reporting emphasizes that the central concern is the effect of the policy design on incentives for emissions reductions, with critics saying it does not sufficiently encourage measurable, additional abatement. While the outlets focus on the same theme, they do not provide detailed alternative policy proposals in the provided excerpts. Overall, the coverage frames the dispute as one about whether the current policy settings deliver strong climate outcomes, given how costs, incentives, and emissions limits are structured for regulated companies.