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New analysis of the BAE economics modelling by Brian Fisher highlights that it is based on numerous flawed assumptions which cast serious doubt to the validity of the claims contained.
This paper analyses 22 recent modelling reports of the economic impacts of higher ambition targets. Extensive literature shows Australia can achieve higher ambition targets with very small economic impacts. Claims that higher ambition would be ‘economy wrecking’ or ‘apocalyptic’ are not credible.
Unless national action is taken to meet the Paris Target to limit global warming to less than 2 degrees, Australia’s GDP faces a hit of an average of $130 billion per year according to this briefing note by The Australia Institute.
The Australia Institute has reviewed economic modelling of climate policies released by Brian Fisher, of BAEconomics. The review shows that BAEconomics’ modelling is based on flawed assumptions and its conclusions are not valid.