Stopping the Adani coal mine would pose no "sovereign risk" to Australia, and politicians on both sides have willingly misled people into thinking otherwise, says respected economist Saul Eslake.
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| "Sovereign risk is not the risk a government might change its mind or make a decision I don't like": economist Saul Eslake. |
The former chief economist of ANZ told Fairfax Media the major parties were "abusing the term" for political gain when in fact there had been no impact on Australia's sovereign rating as a result of decisions taken on environmental grounds.
In a paper commissioned by the Australian Conservation Foundation, Mr Eslake found there was "absolutely no reason" the country's sovereign risk would be affected if a future government stopped the Adani mine proceeding for environmental reasons.
Read Michael Koziol’s story from The Age - “Stopping Adani mine would pose no 'sovereign risk' to Australia, says economist Saul Eslake."
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