Australia: Abbott’s new climate policy rejected by economists

Canberra Times: Leading economists have overwhelmingly rejected Tony Abbott's direct action climate change policy and backed carbon pricing. A Fairfax Media survey of 35 prominent university and business economists found only two believed direct action was the better way to limit Australia's greenhouse gas emissions. Thirty - or 86 per cent - favoured the existing carbon price scheme. Three rejected both schemes. Internationally renowned Australian economist Justin Wolfers, of the Washingtonbased Brookings......

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