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he Abbott government
has released its own economic modelling of long-term greenhouse gas reduction
targets, confirming that the prime minister’s assertions about the costs of
more ambitious targets have been incorrect and overstated.
Two weeks ago, Tony Abbott unveiled a new long term
greenhouse gas reduction goal of reducing emissions by between 26% and 28% of
2005 levels by 2030.
One day before that announcement, the Daily Telegraph
revisited modelling done in 2013 for the Climate Change Authority of a 44%
emissions reduction target, in a front-page story headlined “ALP’s $600bn
carbon bill”. That dollar cost was based on a calculated 2% reduction in growth
in 2030, and the paper argued this cost was attributable to Labor because the
party has said it would base its long-term targets on up-to-date advice from
the CCA. Labor has not yet announced its preferred 2030 target.
Read the Guardian
story - “Tony Abbott wrong on costs of tougher climate targets, governmentmodelling shows”.
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