Australian climate hoax scheme "could actually cost $9.1 billion more than it raises in the five years to 2020"

Business Council fears risk of a carbon budget hole

the analysis, by Deloitte Access Economics, found that if Australia's carbon market trades near the legislated floor price after it starts in 2015, the scheme could actually cost $9.1 billion more than it raises in the five years to 2020. The government has estimated the Australian carbon price will stand at about $29 when the carbon tax becomes an emissions trading scheme in 2015, but Bloomberg has forecast a $16 price in that year.