At the end of his column in “The Australian” today, Alan Wood told readers that this was his final column as economics editor.
So, what message did Alan view as sufficiently important to be the subject of this column?
I quote what seems to be Alan’s main point:
“If Australia moves ahead of the rest of the world to curb carbon emissions, there will be no benefit to Australia or the world but a potentially very high cost to us, involving extensive restructuring and transfers of wealth within Australia and from Australia to emerging economies.”
I think that message is worth repeating. The rest of the column can be read here.