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".

"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.