New modelling to unleash explosive row over climate change costings auspol
The dire new warning from economist Brian Fisher, which is hotly disputed by Labor and countered by other experts, marks a dramatic escalation in the political fight over the cost of taking action on climate change compared to the cost of inaction.
Labor has been bracing for the release of Dr Fisher’s report after weeks of conflicting claims over the cost of its policies, fuelling attacks from Prime Minister Scott Morrison over the impact on the economy. An earlier version of Dr Fisher’s modelling triggered headlines of a “carbon cut apocalypse” in March but was questioned by other economists who said he had assumed very high costs for renewable energy generation and the cost of reducing emissions.
While heavily disputed, Mr Morrison is expected to use the results to mount an escalating campaign against Mr Shorten ahead of the May 18 poll.
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