Henry also said that if Australia is going to reduce its emissions – a commitment made by both major parties – then to do it through any mechanism but an emissions trading scheme would be necessarily be more damaging on the Australian economy. Henry, Fraser and Garnaut are hardly alone in their views – most senior economists support carbon pricing as the best mechanism to cut emissions. And all three men are serious, economically minded people. Ignore them at your peril.
Posted on: Thu, 13 Mar 2014 11:30:36 +0000
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