Australia is worst casualty of Paris: Big hit to GDP, wages, dollar, trade balance for nothing
Australia Wins The Global Patsy Award 2019 The Brookings Institute released a report that claims everyone is better off economically by sticking to Paris, but check out the devastating graphs. Economically, everyone is a loser, but the three biggest losers are Australia, Russia and OPEC. Australia is doing more, paying more, suffering more and yet will make almost no difference to the global emissions tally in anything other than a purely symbolic impress-your-dinner–guests kind of way. If Australia left the Paris Agreement, even the left leaning Brookings Institute can’t find much difference in total global man-made emissions. Australia is forcing the renewables transformation faster than anywhere else, it will lose GDP, wages, jobs, investment, and the dollar will fall. All that, and no one could even tell the difference between Paris with Australia, and Paris without. Clearly Australian negotiators at the UN are incompetent on a whole new scale. If they had Australian’s interests at heart, even a little bit, they would have done this study themselves, and gone to Paris with some realistic comparative data to argue that we are cutting too fast and paying too much. Finalists for most useless Global Negotiator of the Decade are Kevin Rudd, […]Rating: 10.0/10 (7 votes cast)
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