Tony Abbott’s costing’s blunders on climate change continued today. 

Mr Abbott today claimed that the Government had not released any Treasury modelling on the impacts of our target range.

The Government  publicly released the Treasury modelling report ‘Australia’s Low Pollution Future’ over 13 months ago.

This was the most comprehensive economic modelling exercise ever undertaken in Australia and yet it seems to have passed Mr Abbott by.

The Treasury Modelling clearly displays the impacts of various emissions reduction targets.

Mr Abbott is either not aware of the Treasury modelling or is so determined to run a scare campaign that he flagrantly ignored it.

Mr Abbott also falsely claimed that the cost of a 25 per cent reduction in emissions could cost half a trillion dollars or 50 per cent of Australia’s GDP.

On Townsville radio Mr Abbott said

...the federal government has never released the modelling. Never released the modelling...

Now, if a five per cent reduction in emissions costs $120 billion, I think it is reasonable to assume in the absence of other plausible evidence that five times that reduction – a 25 per cent reduction in emissions – might cost five times the price, a half a trillion dollars, fifty per cent of Australia’s annual GDP.

Rather than correcting his errors, Mr Abbott’s response to finding out he had made a $250 billion mistake was to today add an extra 100 billion dollars to his dodgy costings. Mr Abbott is making up costings on the run. 

In his desperation to run a scare campaign against action on climate change, Mr Abbott has exposed his poor attention to detail.

Reckless errors like this show that you cannot trust what Mr Abbott says on climate change.

It is clear that Mr Abbott is only interested in running a scare campaign on climate change.