The Age, my favourite paper, gleefully trumpets that “treasury modelling” will reject claims that an ETS will force industries offshore.
It is believed the modelling finds that even if Australia were to cut its emissions sharply — such as the 25% cut from base levels by 2020 proposed by Professor Ross Garnaut — it would not be enough to force the closure of aluminium smelters or cement plants.
Sorry to rain on your parade, but the modelling has been going on since last year, and takes no account of the global economic crisis, so is about as much use as an ashtray on a motorbike. Next.
Read it here.
Australian Climate Madness 
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