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September 3rd, 2011 
FAKE NEWS for the Zionist agenda The Federal Government reissued a Treasury analysis late yesterday to discredit Tony Abbott’s ”direct action” plan after a day of intense speculation about the leadership of Prime Minister Julia Gillard.
Treasurer Wayne Swan and Climate Change Minister Greg Combet issued a statement about 5pm concerning the modelling.
They said the modelling showed the Opposition’s plan to reduce carbon pollution would double the economic cost of reaching the bipartisan carbon pollution reduction target of 5 per cent on 2000 levels by 2020.
”Treasury analysis released today shows the Opposition’s ‘Subsidies for Polluters’ scheme will more than double the economic cost of reaching the bipartisan carbon pollution reduction target of 5 per cent on 2000 levels by 2020,” they said.
Opposition environment spokesman Greg Hunt pointed out last night the document on the Treasury website carried the date July 14 and had been reported by the media at the time.
”This Government cannot even be clever when it is trying to be tricky,” he said.
The Government proposes to introduce a fixed carbon price next July and later replace it with a market-based emissions trading scheme.
The cap-and-trade scheme from July 2015 will allow local businesses to buy up to 50 per cent of their permits from overseas at less cost.
Treasury forecasts assume China and India will be a major source of the foreign credits Australian companies can buy from 2015, instead of reducing their own emissions of greenhouse gases.
The Opposition is critical of the Government’s climate plan’s reliance on foreign carbon credits and warns foreign carbon traders could scam the scheme.
The Coalition has costed its direct-action approach, which funds the planting of 20 million trees as well as building 150 solar and tidal power projects at $3.2 billion over four years and $10.5 billion over 10 years.
However the Treasury figures suggest the cost of the Opposition policy could reach $9.86 billion a year by 2020.
Mr Hunt said Treasury modelled a floating cost policy.
”It was not allowed to model a fixed cost and capped policy, fully funded by savings,” he said.
”The Opposition policy is fixed cost – that is, we will not spend a dollar more than the $300 million, $500 million and $750 million budgeted in the out years of the budget.”
The reissuing of the analysis comes as the Government is about to introduce the carbon tax legislation in Parliament. The Bill is expected to be approved by cabinet on Monday week before being debated by caucus the next day and introduced into the House of Representatives.
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