Treasury is missing the big picture on climate

Treasury is missing the big picture on climate

Judging by the response to this year’s Intergenerational Report, it looked as if Canberra’s economists were finally taking the threat of climate change seriously. Previous editions of the report – which projects the nation’s economic trends over the over the next 40 years – had been criticised for playing down the threat of climate change. In this year’s report, Treasury didn’t just highlight the threat, but actually costed it, meaning there wer…