Tackling climate change is good for the economy: Chalmers

FULL INTERVIEW: Shadow Finance Minister Jim Chalmers says taking 'real action' on climate change will not just benefit the environment, it will benefit the economy. Labor is taking a suite of climate policies to the election, including adopting former prime minister Malcolm Turnbull's National Energy Guarantee, a 45 per cent emissions reduction target and $75 million towards creating renewable energy jobs in Tasmania. Treasurer Josh Fyrdenberg told the ABC on Sunday that Opposition Leader Bill Shorten has 'failed to answer' how much Labor's suite of climate change policies will cost the economy. The Coalition claims the full gamut of Labors climate policies will reduce Australia's gross national product by $264 billion over a decade. Mr Chalmers says the Coalition is a 'con,' and that Prime Minister Scott Morrison's 'heart isn't in' combating climate change. He told Sky News that battling climate change will benefit the economy because 'energy prices come down' and renewables 'will become cheaper.' Read More Our Apps