04 July 2011
Davidson and De Silva: Greens coal policy rapped
(Herald Sun, 4 July 2011)
Shutting down the coal industry over time, under Greens policies, would cost almost 200,000 jobs and smash Australia's economy, a report says.
An analysis by RMIT economists Sinclair Davidson and Ashton De Silva will be released today showing that for every coal job lost, 6.5 jobs would be lost in other areas.
Prepared for the Minerals Council of Australia, the report also found at least $29 billion would be ripped from the economy and a $6 billion black hole created in the Federal Government's Budget.
"These magnitudes of loss are not trivial," the report's authors write.