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Australian Climate Madness

Monday, October 12, 2009

More trouble for Turnbull as $3bn hole found in ETS modelling

Trying to out-green Rudd & Co was always a huge mistake. And now the figures are starting to fall apart as well:
The Federal Government says it has found a $3 billion black hole in the Opposition's economic modelling on emissions trading.

Treasury has analysed modelling from Frontier Economics which has formed the basis of the Coalition's ETS figures.

Its conclusion will not help an Opposition Leader who is struggling to convince his backbench that he has a credible position on climate change.

Mr Turnbull unveiled the Frontier Economics modelling in August, saying it outlined a greener, cheaper and smarter emissions trading scheme.

The modelling was funded by the Coalition and independent Senator Nick Xenophon.

Read it here.

1 Comments:

  • Let me see if I understand this ... Dudd and Wrong are proposing to bring in a virtually bottomless and uncosted ETS that will flatten the economy, send all our remaining jobs to India and China and throw thousands of people out of work, and reduce us to third world standards -- and they point to a lousy $3B "hole" in the alternative?? What drugs are these clowns on?

    By Anonymous Eloi, At October 12, 2009 at 7:45 PM  

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