Ex-Treasury head Martin Parkinson takes swing at renewable energy target

By Gareth Hutchens
Updated July 1 2015 - 9:13am, first published 8:19am
Martin Parkinson said the economics profession failed to explain to voters why an emissions reduction scheme would provide the cheapest, most efficient mechanism to reduce greenhouse gases.
Martin Parkinson said the economics profession failed to explain to voters why an emissions reduction scheme would provide the cheapest, most efficient mechanism to reduce greenhouse gases.

Former Treasury secretary Martin Parkinson has heavily criticised the Abbott government's renewable energy target and Direct Action policies, saying they will be a far costlier way to reduce greenhouse gas emissions than an emissions trading scheme.

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