Dawn Chorus: Treasury's Wellbeing approach

Treasury argued against Emissions Trading Scheme changes recommended by the Climate Commission on the grounds it would increase prices and might not reduce emissions. Photo: Lynn Grieveson / The Kākā

TL;DR: Treasury’s Wellbeing approach extends to a short term focus on fuel prices, rather than reducing long-run climate emissions, its submissions to Cabinet reveal. Also, the housing market is seeing record low listings, sales and lending because home owners are not selling at prices below their recent peaks, because most aren’t under any pressure to do so. See also my diary for the week ahead.

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