Australia: Power price rises not ‘overwhelming’
Australia: Power price rises not ‘overwhelming’
Sydney Morning Herald: An emissions trading scheme will cause a significant but not overwhelming increase in electricity prices, the federal government’s top climate change adviser says. Economist Ross Garnaut believes electricity and petrol prices will inevitably rise under emissions trading. Asked on Sunday how much electricity prices would rise, Professor Garnaut declined to put a figure on it. “It’ll be significant, it won’t be overwhelming, it won’t be a doubling, it will be well …
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