Facing up to economic reality in a climate of fear

by John Daley

Fear of losing what we have is a primal human emotion. When making the tough choices on tariff reform, we feared that the jobs lost would never be replaced. We need not have worried.

So it’s not surprising that responses to climate change have been dominated by concerns that jobs will go, factories will move offshore and businesses will shut. In response to these fears, the draft Carbon Pollution Reduction Scheme bill proposes “free” permits for the industries that emit relatively more carbon, but this would be a $20 billion waste at the expense of the rest of the Australian community.