Australia: $430b: how much greenhouse gas cuts will cost, says Costa
Australia: $430b: how much greenhouse gas cuts will cost, says Costa
Sydney Morning Herald: MAKING the cuts to greenhouse emissions recommended by the nation’s economic adviser on climate change would cost hundreds of billions of dollars and slash the size of Australia’s economy by 4 per cent, modelling by the NSW Treasury shows. The NSW Treasurer, Michael Costa, said it would cost $430 billion to reduce greenhouse gas emissions by up to 80 per cent as outlined by Ross Garnaut, and the sharp reductions proposed would impose a substantial cost on the economy. The Rudd …
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