IPA estimates Paris Agreement to stop storms and hold back the tide (well that is what they want you to think AUN-TV comment) may cost $8500 per Australian family
What a deal. You could have free electricity for the next four years or an imperceptible difference in the air outside the nursing home for your children’s 94th birthday.
The Americans went for the money. So did nearly everyone else.
Damian Wild at the IPA calculates that the Paris Agreement will cost patsy Australians $52 billion dollars in the next 12 years.
Rachel Baxendale, The Australian
A study by the Institute of Public Affairs, “Why Australia must exit the Paris Climate Agreement”, estimates our Paris target of reducing emissions to 26-28 per cent on 2005 levels by 2030 will impose a $52 billion economic cost between now and 2030, equating to $8566 a family.
“The immutable law of energy policy is this: lower emissions mean higher prices.”
“Each family in Australia will be at least $8,566 worse off under the Paris Climate Agreement, on average. This is at a time when wages are stagnating and the cost of living is rising.”
“$52 billion could purchase 22 new hospitals or pay for 20 years’ worth of the Gonski 2.0 education funding.”
“For families, $8,566 could be used to pay off credit card debt, pay the school fees for a few years, or pay four years’ worth of electricity bills.”
There is a Coalition Party room meeting coming today where a Turnbull-with-falling-popularity will try to convince a nervous set of MP’s that they won’t lose their seats if the Coalition runs the same soulless campaign it almost lost on last time. Back then Turnbull took 90 seats and turned them into 76 and barely got elected. Read More: http://joannenova.com.au/2018/08/dear-australia-would-you-rather-have-8500-or-a-0-0001c-cooler-climate-for-your-130th-birthday/