Via The Guardian has a nice sccop:
[Malcolm Turnbull] urged his Liberal colleagues to revive the Neg – abandoned as a casualty of the August leadership fight – arguing it was a “vital piece of economic policy and has strong support, none stronger I might say, than that of the current prime minister and the current treasurer”.
Labor is proposing to keep the Neg with a 45% emissions reduction target. The text of the speech the former prime minister ultimately delivered on Tuesday morning, now uploaded on his website, did not address the impact of Labor’s higher target.
But an earlier draft of the speech, did.
“Labor has announced it will adopt the Neg but with a higher emissions target,” the early draft, seen by Guardian Australia, said. “Ours, as you know, was 26% which was only just above business as usual so it obviously had no adverse impact on prices”.
“There is some modelling already from Frontier Economics which suggests that Labor’s 45% target will not result in higher prices,” the early draft said. “That assertion deserves sceptical assessment, but it is also important regularly to review these models in the light of the latest technology and market information”.
“A great deal depends too on whether a 45% reduction means simply that emissions in 2030 – in that year – should be 45% less than in 2005. If that were the case, implying a hockey stick, the additional cost may not be as high as it would appear”.
Backing costings for Labor policy but not releasing it, only to see it leaked the next day!
What is this, Toxic Turnbull psy-ops?
