Australian parties battle over true cost of proposed carbon tax
Sydney Morning Herald – KEVIN RUDD has accused Tony Abbott of unleashing ”the most hardline, right-wing people in the country” onto the workers while the Opposition Leader flagged a strategy to win middle Australia, which he hoped to call ”Abbott’s Army”. The Government accused Mr Abbott of making a $250 billion blunder after he claimed the true cost of the emissions trading scheme could be $400 billion. If Australia were to meet its unconditional target of reducing greenhouse gases by 5 per cent by 2020, the ETS would raise $121 billion over 10 years through selling carbon permits. Read Article
Tags: Australasia, climate, debt & wealth, financial system
