It’s hardly surprising that Labor is out today desperately trying to distance themselves from their modelling which shows the painful impact of their new carbon tax plan.
Of course Bill Shorten wants to hide the damaging impact of his carbon tax plan.
But Labor can’t dismiss or distance themselves from this.
Labor commissioned this modelling while they were in government. This is Labor’s carbon tax target modelled using Labor’s numbers.
At the ALP Conference last month, Labor aligned themselves with the Climate Change Authority’s 40-60 per cent emissions reduction target (through amendment 249A).
Bill Shorten’s carbon tax will see tens of thousands of jobs lost, power bills skyrocket, wages will be lower and the economy will be more than half a trillion dollars weaker.
Bill Shorten says it’s all just a scare campaign but we know the truth. Labor’s plan for a carbon tax was exposed in leaked shadow cabinet documents and these numbers show just how destructive Bill Shorten’s carbon tax will be.
Under Labor’s new supercharged carbon tax, the price would need to skyrocket to $209 per tonne to achieve a target of around 44 per cent below 2000 levels by 2030.
Australia’s GDP would be 2.6% lower in 2030 and $633 billion lower between 2015 and 2030.
Real wages growth would be around 6 percent lower.
Australian income per person is a whopping $4,900 lower than it would be without Labor’s new carbon tax in 2030.
Wholesale electricity prices would be 78% higher in 2030. This would drive up electricity costs for Australian families, pensioners and businesses.
Australia’s aluminium industry employing around 17,600 people would collapse by 46 per cent because the carbon tax would make it unprofitable to continue manufacturing in Australia.
Construction would be 11 per cent lower. This means fewer opportunities for plumbers, electricians and carpenters.
These numbers show Labor’s carbon tax would have a devastating impact on the Australian economy, jobs, incomes and we would see power prices skyrocket.
Labor commissioned this modelling but of course given the results, they would never want these numbers to see the light of day.
If Labor has any sense then surely they will see that these numbers are a fatal blow to Bill Shorten’s carbon tax plan.
What Labor refuses to learn is that you can tackle climate change without a carbon tax. You can tackle climate change without a $633 billion hit to the economy.
We’ve already shown with the 47 million tonne first Emissions Reduction Fund auction that we can reduce emissions effectively without a massive hit to families through a carbon tax.
We all thought the original carbon tax was painful. Bill Shorten’s new carbon tax plan will make Julia Gillard’s carbon tax look like a walk in the park.
The idea of Bill Shorten voluntarily choosing to inflict this sort of pain on the Australian people is beyond belief. Labor hasn’t learnt its lesson.
There are many, many families out there struggling to make ends meet. The last thing they need is Bill Shorten’s super-charged carbon tax.
Kevin Rudd couldn’t trust Bill Shorten. Julia Gillard couldn’t trust Bill Shorten. The Australian people can’t trust Bill Shorten.