Labor's decision to allow heavy polluters to offset emissions using international carbon credits has "substantially'' reduced previous estimates of the negative economic impact of its climate policy, new modelling shows.
But the forecast impact on the economy, power prices and employment would still be greater than that of the Coalition's policy.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
