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Patchy global action ‘turns carbon modelling on head’

Posted on 07 November 2011

The carbon tax will have a vastly bigger impact on productivity, wages and the cost of living than “highly optimistic” Treasury calculations indicate, claims the Minerals Council of Australia.
The council will today release modelling it commissioned from the Centre for International Economics, which predicts that under the carbon tax gross domestic product will fall by $180 billion between next year and 2020 from a “business as usual” scenario - with no carbon tax - as opposed to Treasury’s estimated $32bn drop………………………………………..Full Article: Source


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