By Viv Forbes
Planes parked up, cruise ships anchored, airports deserted, tourists not touring, supermarket shelves bare, Disneyland shut, borders closing, motor races cancelled, no fans in the stands, smelters and factories closing, travel banned, oil and coal prices crashing, stock markets plunging, businesses closing, bankruptcies rising, hotels and motels unoccupied, politicians panicking, barbies cold – – looks like zero emissions is almost here.
There’s no great mystery about what Opposition Leader Anthony Albanese’s net-zero-by-2050 emissions announcement last weekend will cost. The answer: trillions galore. How do I know? Because Dr Brian Fisher, former head of the Bureau of Agricultural Economics, who has no political allegiance and no vested interest, last May in the run-up to the federal election costed a much weaker version of Albanese’s plan. These costs were astronomic: a maximum $540 billion by 2030. Continue reading “Net-Zero by 2050? Albanese Goes for Broke”