Independent analysis finds permits, which the Coalition has attacked Labor over, would reduce the transition cost of cutting emissions
New analysis from BAEconomics says international permits will be critical to reducing the transition costs associated with Labor’s climate change policies, noting “the negative economic consequences of adopting stringent emissions reductions can be substantially ameliorated through greater trade in international permits”.
While the Morrison government has been blasting Bill Shorten for proposing a policy mechanism that involves allowing the use of international permits to lower the cost of abatement, and the Greens have also criticised their use, arguing it would lower the level of ambition – new modelling from Brian Fisher makes it clear permits lower the economic cost of emissions reduction.
Continue reading...from The Guardian http://bit.ly/2LbiG0y
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