Labour wrong on 2020 costs, says Smith
14 Aug 2009
Labour's claims that the government has exaggerated by tenfold the costs of a 10 to 20 per cent emissions reduction target announced on Monday raises serious questions about the economic literacy of the Opposition, says Climate Change Issues Minister Nick Smith.
"The $30 a week figure used by the Prime Minister and I was based on the NZIER-Infometrics report on the macroeconomic impacts of climate change policy," Smith said.
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