Monday 22/11/2010 Page: 1
A study by Access Economics released yesterday found that a carbon price would have less effect on the Australian economy than the rising Australian dollar. Australia's gross domestic product (GDP) will have been slashed by 5%, according to the report, but the Federal Government's Carbon Pollution Reduction Scheme would have only reduced GDP by 3%.The Clean Energy Council commissioned study was delivered as the government attempts to introduce a carbon price and coincides with the first round table meeting on climate change. The meeting will be convened by Climate Change Minister Greg Combet and Treasurer Wayne Swan and will be attended by representatives from Origin Energy, AGL Energy, BHP Billiton, Woolworths, Qantas, Shell, Rio Tinto, Woodside Petroleum and BlueScope Steel.
Meanwhile Prime Minister Julia Gillard has likened the importance of the introduction of a carbon price to floating the dollar and reducing tariffs.
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