Government touts climate modelling as proof Labor will 'punish families' | nicole_hasham
Labor's climate policies would cause higher electricity prices, lower wages and a massive hit to economic growth according to independent modelling that the opposition says it "utterly rejects".
This is the case even in a scenario where carbon credits from the Kyoto agreement are carried over and heavy polluters are not allowed to buy foreign carbon credits. Labor’s target would also lead to 336,000 fewer jobs and wages 8 per cent lower than they would otherwise have been, according to the report. It was authored by Brian Fisher, former head of the Australian Bureau of Agricultural and Resource Economics.
"This is just another climate change fear campaign, led by the government and Mr Fisher, who [former prime minister Tony] Abbott appointed to his review to end the renewable energy target." Energy Minister Angus Taylor said the projections confirmed that Labor’s policies "will have a far-reaching and devastating impact on Australia’s economy".
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