Former Reserve Bank governor Bernie Fraser says Labor is sensible to propose the use of international carbon credits to meet its emissions reduction goals and described as “crazy” government claims that the measure would cost Australian businesses $25 billion.
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| Former Reserve Bank Governor Bernie Fraser says the Coalition's claims about the costs of Labor's climate policies are "crazy". |
Mr Fraser, a former Treasury chief and advisor to both Labor and Coalition governments on climate policy, expressed frustration with the Morrison government’s “absurd assertions” about climate action, including a “stupid argument” that sought to downplay Australia’s responsibility to act because it produces only a fraction of global emissions.
Labor leader Bill Shorten has come under sustained attack this week over the potential cost of his party’s 45 per cent emissions reduction target.
Read the story from The Age by Nicole Hasham - “Former RBA chief slams Coalition's 'crazy' climate claims."
