The true cost of climate change - $10bn a year
Ziggy Switkowski says Australia will need to spend the equivalent of Kevin Rudd's $10bn rescue package every year to "tackle climate change".
You bet. And he is quite right when he says:
Read it here.
"In terms of the financial consequences of climate change policies, they are a bit like the $10 billion a year program proposed this year every year from now until the end of the century, big call."
You bet. And he is quite right when he says:
"The US is unconvinced about the science of climate change, and China has been, quite understandably, focused on economic growth and the welfare of its people."
Read it here.
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