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Economists back carbon pricing


Source: The Sydney Morning Herald, 14 March 2014

Three of Australia's senior economists have backed carbon pricing as the most effective way to reduce carbon emissions.

One, former Reserve Bank governor Bernie Fraser, also said the Abbott government was working in the short-term interests of business and not the long-term interests of the public in its policies on climate change.

Mr Fraser, in an address to the National Press Club, expressed surprise at the ''brazenness and scale'' of the campaign waged by the government and big business against the carbon and mining taxes.

The speech follows comments this week by former Treasury secretary Ken Henry and economist Ross Garnaut attacking the economic credentials of the government's direct action policy.

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