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What a surprise…

Monday, 17 August 2009 14:11 pm · 1 comment

by Simon

Only took a matter of hours:

The federal government has rejected predictions grocery prices will rise by up to seven per cent under its planned emissions trading scheme.

"Those figures are wrong," junior climate change minister Greg Combet told Fairfax Radio Network on Monday.

Phew, that's OK then.

Read it here.

{ 1 comment }

Eloi August 17, 2009 at 7:23 pm

What has the world come to?

"Mr Combet said Treasury in its modelling of the carbon pollution reduction scheme estimated the impact on food prices would be about 0.1 per cent in the first year or two."

The lunatics are truly in charge of the asylum in Canberra.

In summary — a (financial) model is used to estimate the impact of a measure being proposed to "correct" the impact predicted by a (climate) model.

This is Penny Wong's "reality"?? Pass the hemlock juice.

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