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Carbon trading data to be released

Economic modelling to be released by the Treasury on Thursday shows emissions trading will not hurt industry or the economy, the government says.

The long-awaited Treasury data, one of the biggest economic modelling exercises ever done in Australia, focuses on what it will cost to tackle climate change.

Climate Change Minister Penny Wong has put a positive spin on the modelling, saying it shows there is nothing to fear in emissions trading.

Wong says emissions trading will not force businesses offshore

‘What the modelling shows is that Australian industries will remain competitive and there are significant opportunities in us taking action on climate change, she told ABC Radio.

‘We can take action on climate change but also retain a strong economy.’

Treasurer Wayne Swan said the Treasury data showed emissions trading would not hurt economic growth.

‘What the modelling will show is that we can deal with climate change … without having a dramatic impact on economic growth,’ he told the Macquarie Radio Network.

Sourced From Sky News

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2 Responses to “Carbon trading data to be released”

  1. Rr_Salamander
    on Oct 30th, 2008
    @ 8:54 am

    Carbon trading is a big topic these days, but when individual carbon emissions are the “low hanging fruit,” accounting for 30-40% of US greenhouse gases, it seems that the issue isn’t big enough–at least not for individuals.

    There’s often a sense of hopelessness with the environment–it’s too big, we can’t fix it, other people don’t care. But in reality, it takes each of us to make the best decisions on a daily basis that we can–in reducing our own footprint and in contacting legislators. It’s a big issue, but as we’ve seen from the impact individuals make, we can make a big difference.

  2. Adam
    on Oct 30th, 2008
    @ 10:06 am

    You are right Salamander. If everyone keeps thinking that we aren’t the only ones responsible, then the situation will only worsen. However, if all of us do what we can do in our individual capacity, we can make a big difference collectively.

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