ETS to cost 23,000 mining jobs by 2020
[Minerals] Council chief executive Mitchell Hooke says this showed the government's proposed carbon pollution reduction scheme (CPRS) was out of step with global efforts to reduce emissions, with other international trading schemes and with the development of the low emissions technologies needed to reduce emissions.
"It will impose the highest carbon costs in the world on Australia's mineral exporters," he said in a statement.
"We share the government's commitment to reducing emissions [why? - Ed] but this modelling shows the CPRS is fundamentally flawed. By imposing the highest carbon costs in the world on Australia's mineral exporters, it will eliminate jobs while failing to materially reduce global greenhouse gas levels."
That last sentence is certainly true - and it won't do zip for the climate.
Read it here.