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