In May last year, in the run-up to the election, the government refused to countenance the economic cost of climate change. Instead, it was parading highly contentious economic modelling by Brian Fisher claiming all manner of financial doom should Labor win the election and enact its emissions reduction policies.
Fisher did not address the economic effects of not acting, and the government did not consider that to be a shortcoming when it was pointed out.
Yet, for more than a decade now we have been warned that the longer you wait to mitigate climate change, the greater the cost.
Read the story from The Financial Review by Phil Coorey - “Morrison is now counting the cost of climate denialism.”
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