Climate fund could be radical inflation brake
THE pain of rising interest rates on home owners could be curtailed and Australia's carbon emissions reduced while fighting inflation under a new economic policy now before the Federal Government. The policy by Harold Lubansky, a former managing director of the Stafford Group, has been viewed by members of the Government and the Opposition and has garnered interest from economists. Mr Lubansky proposes the creation of a National Climate Change Savings Scheme into which Australians earning a net income of $38,000 a year or more would contribute.