BCA: Decarbonisation to “wreck” economy (species extinction to save it?)

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The Business Council of Australia is up to its old tricks, at The Guardian:

The Business Council of Australia will find itself the target of a negative advertising campaign for declaring that an emissions reduction target of 45% would wreck the Australian economy.

With Labor planning to go to the federal election with an emissions reduction target of 45%, and the Coalition spoiling for a partisan fight, the progressive thinktank the Australia Institute will invest campaign resources in debunking a claim from the BCA that the proposed target is “economy-wrecking”.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.