Showing posts with label Garnaut Review. Show all posts
Showing posts with label Garnaut Review. Show all posts
Thursday, March 20, 2008
Garnaut & Carbon Trading
Against the appropriate back-drop of a record heat wavee in southern Australia (in March of all months, with Adelaide experiencing 15 consecutive days>35 degrees)Ross Garnaut released another interim report. This one, with thoughts on emissions trading, broke the news that carbon trading would bring higher energy prices (duh!, after all that's the point right). However, he also indicated that the big emitters and energy utilities shouldn't receive a free lunch in the way of carbon permit hand-outs (as suggested by the last government).
Tuesday, February 26, 2008
Garnaut Review: Coming Attraction
Prof Garnaut let some early bits of thinking out of the bag last week with an interim report on his review of the costs and benefits of greenhouse gas mitigation in Australia.
Once you read through the thirty odd pages that dance around the specifics and glance at the various illustrative figures that lack any numbers on the axes, one finds the punchline in the way of recommendations:
"First, Australia should be committing within the timetable of the Bali roadmap to emissions reductions for 2020 and 2050 that are fully comparable in terms of adjustment effort to commitments being made by other developed countries. The State and Commonwealth Government commitments to 60 per cent reduction in year 2000 emissions by 2050, with corresponding interim targets, may be shown to be appropriate in that context. Second, the recent developments in the science summarised earlier in this Interim Report, and the work of the Review on current and prospective emissions scenarios in the absence of major policy changes, suggests that ambitions for mitigation will need to rise way beyond those embodied in the Bali roadmap if high probabilities of damaging climate change are to be avoided."
Well, that's a pretty clear preview of what the final report is likely to communicate. Now if folks can figure out how to actually pull off such reductions. . .
Once you read through the thirty odd pages that dance around the specifics and glance at the various illustrative figures that lack any numbers on the axes, one finds the punchline in the way of recommendations:
"First, Australia should be committing within the timetable of the Bali roadmap to emissions reductions for 2020 and 2050 that are fully comparable in terms of adjustment effort to commitments being made by other developed countries. The State and Commonwealth Government commitments to 60 per cent reduction in year 2000 emissions by 2050, with corresponding interim targets, may be shown to be appropriate in that context. Second, the recent developments in the science summarised earlier in this Interim Report, and the work of the Review on current and prospective emissions scenarios in the absence of major policy changes, suggests that ambitions for mitigation will need to rise way beyond those embodied in the Bali roadmap if high probabilities of damaging climate change are to be avoided."
Well, that's a pretty clear preview of what the final report is likely to communicate. Now if folks can figure out how to actually pull off such reductions. . .
Tuesday, December 04, 2007
'Tis the Season for Climate Stuff
With negotiations in Bali underway, The Age reports on Ross Garnaut, the man charged with executing what has appropriately been called the Garnaut Review - in other words, the Stern Review down under.
"The Review will examine the impacts of climate change on the Australian economy, and recommend medium to long-term policies and policy frameworks to improve the prospects for sustainable prosperity."
Meanwhile, the Climate Insitute released its own take on the costs of GHG mitigation, in a report which concluded that Australians can tackle climate change and continue to grow wealthier in the process. And in other news, CNN reports on the much publisised plight of the small-island states.
"The Review will examine the impacts of climate change on the Australian economy, and recommend medium to long-term policies and policy frameworks to improve the prospects for sustainable prosperity."
Meanwhile, the Climate Insitute released its own take on the costs of GHG mitigation, in a report which concluded that Australians can tackle climate change and continue to grow wealthier in the process. And in other news, CNN reports on the much publisised plight of the small-island states.
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