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September 2nd, 2011 
FAKE NEWS for the Zionist agenda
TREASURY has predicted the Coalition’s direct-action carbon emissions reduction scheme will cost more than twice that of Labor’s by 2020 because it will not allow the purchase of international abatement permits.
A Treasury analysis released under Freedom of Information laws yesterday shows the Coalition will have to impose an effective carbon price of $62 a tonne of carbon abated compared with $29 under the government’s scheme.
Treasury said the direct-action scheme could be potentially cheaper if the government could pay different prices for different abatement activities. But it considered this was unlikely to happen.
Both parties are committed to emissions reductions of 5 per cent below 2000 levels by 2020.
The government plans to impose a $23-a-tonne carbon tax moving to an emissions trading scheme after three years, while the Coalition advocates a system whereby the government would directly buy abatements by competitive tender.
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Under the government’s scheme 100 million tonnes of the 159 million tonnes of abatements required by 2020 will be achieved by buying international permits.
“Forgoing cheaper, internationally-sourced abatement would roughly double the economic cost of achieving the 2020 emission reduction target through a carbon price mechanism,” the Treasury modelling says.
Treasurer Wayne Swan leapt on the analysis, saying it showed the opposition’s scheme would more than double the cost of reaching the target of 5 per cent below 2000 levels by 2020.
However the opposition’s climate action spokesman, Greg Hunt, said the government had not modelled the Coalition’s policy, which had a fixed cost and was capped.
Treasury also said the Coalition policy of directly funding abatement would mean no price signal would flow to consumers to drive demand-side abatement of carbon emissions.
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