Original article by Simon Benson
The Australian – Page: 1 & 4 : 21-Feb-19
Former bureaucrat Brian Fisher has undertaken independent modelling of the economic impact of the climate change policies of Labor and the Coalition. The modelling suggests that Labor’s policy would result in cumulative economic losses of $472bn over the 10 years to 2030, compared with $70bn under the Coalition’s policy. Labor’s policy would also result in 336,000 fewer jobs in 2030 and an eight per cent fall in real wages; in contrast, there would be about 78,000 fewer jobs under the Coalition’s policy, while real wages would be two per cent lower. Fisher was the chief adviser on climate policy to both Labor and Coalition governments.
AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN BUREAU OF AGRICULTURAL AND RESOURCE ECONOMICS AND SCIENCES, BAECONOMICS PTY LTD, INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE