Excerpt from a 9 February media release by Federal Labor MP for Page, Janelle Saffin:
PAGE MP Janelle Saffin says Federal Member for Cowper Luke Hartsuyker’s latest attempt to discredit the carbon price shows that he has got his facts wrong … again.
“Mr Hartsuyker is trying to instil fear into workers by claiming that a carbon price will cut real wages,” Ms Saffin said.
Ms Saffin said the facts are Treasury modelling of the Australian Government’s Clean Energy Future Package shows that under a carbon price:
• Real wages will increase by 20 per cent by 2020 and almost 50 per cent by 2050;
• Incomes will grow – real income per capita is projected to increase by $9000 in today’s dollars by 2020;
• Employment will grow with 1.6 million new jobs created by 2020;
• Strong economic growth will continue with gross national income projected to grow at 1.1 per cent a year to 2050;
• Price impacts will be modest with a one-off increase of 0.7 per cent in the Consumer Price Index, much less than the 2.5 per cent impact of the GST;
• And importantly, pollution will fall – by 2050, carbon pricing is expected to reduce Australia’s domestic carbon emissions by nearly half what they would be without a carbon price, a reduction of 485 million tonnes of carbon dioxide-equivalent.
Ms Saffin said Mr Hartsuyker can remain a climate change skeptic if he likes, but he should not consistently misrepresent Treasury modelling.......
The Government’s Clean Energy Act will put a price on the pollution of the country’s 500 biggest polluters, creating economic incentives to reduce pollution and invest in clean energy.