Whatever the cost of Labor’s policy, the Coalition’s inaction on climate change will cost infinitely more – » The Australian Independent Media Network

The government has decided to quote modelling by Brian Fisher, who is already well known for his very dodgy modelling in favour of the coal mining industry, to say that Labor’s policy will cost workers $9,000 per year.  This is, of course, complete rubbish and totally at odds with modelling by Frontier Economics and research by the ANU.

The question is not how much Labor’s policy will cost.  The cost of not taking action is far too great to contemplate.

The damage from the cyclone coupled with a fire at a port facility in January will lead to a loss of about 14 million tonnes of production in 2019, the miner said in a statement.At today’s iron ore price, that equates to over $1.7 billion dollars lost revenue for one company from one cyclone.

In February, Queensland Premier Annastacia Palaszczuk said the state budget is estimated to take a hit of at least $1.5 billion after catastrophic bushfires and floods ravaged Queensland over the summer.

via Whatever the cost of Labor’s policy, the Coalition’s inaction on climate change will cost infinitely more – » The Australian Independent Media Network