Emissions trading scheme not so bad

Burgess, Kate
November 2008
BRW;11/6/2008, Vol. 30 Issue 44, p13
Trade Publication
The article reports that mitigating climate change with emissions trading will reduce gross domestic product by an average of just 0.1% a year between 2008 and 2050, as shown by Treasury modeling. However, Australian Industry Group chief executive Heather Ridout states that the modeling is useful only in terms of understanding the impacts but it does not capture the full range of adjustment costs that business will incur in the transition.


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