Understanding the impact of climate change in Australia
Australia's Commonwealth, State and Territory governments commissioned The Garnaut Climate Change Review, led by Prof. Ross Garnaut to examine the impacts, challenges and opportunities of climate change for Australia.
In a media release accompanying the Final Report of The Garnaut Climate Change Review, Prof. Garnaut stated that “of all developed countries, Australia probably has the most to lose from inaction and the most to gain from global mitigation. Australia should throw its full weight behind securing an effective international agreement from 2013.” 1
Learn more about The Garnaut Report
A proposal for reducing carbon emissions in Australia
In July 2008, the Australian government released a draft proposal for an emissions trading scheme.
The proposed scheme will put a cap on the total amount of CO2 emissions from affected industries each year. It will require affected businesses to purchase permits for each tonne of CO2 they emit to the atmosphere, either at auction or in secondary trading markets. This will provide an incentive for businesses to reduce their CO2 emissions.
The Government describes the scheme as, “the best way to limit carbon pollution while minimising the impact on business and households....These schemes are a critical part of global leadership on climate change.” 2
The Government is currently consulting with the community and business about the emissions trading scheme draft proposal, with plans to commence the scheme in 2010.
Learn more about Australia’s proposed emissions trading scheme
A commitment to new energy technologies
The Australian government, as well as the State governments, have made major commitments to the development of new technologies for low-emissions energy, including renewables and carbon capture and storage.
Learn more about government partnerships for the development of carbon capture and storage technology.