An open letter to all parliamentarians
A carbon emissions trading scheme as proposed by the federal government has enormous economic and social consequences. This was acknowledged by Penny Wong, the Minister for Climate Change who last year said that responding to global warming 'requires the transformation of national economies...'
The IPA has taken the lead in addressing the economic and social costs of assumed human induced climate change and the various costs of measures that seek to prevent it. The IPA has demonstrated that in fact the costs of climate change are likely to be modest but that the costs of the measures to prevent climate change will be very considerable, particularly for Australia.