Sep 30, 2009 - 1:06pm
Review team has clearly challenged both the Prime Minister Kevin Rudd
and Opposition Leader Malcolm Turnbull to support an emissions reduction
target range that includes a 25% reduction on 2000 levels by 2020 and
demonstrated that the economic costs for households are manageable.
Garnaut has provided unequivocal and urgent evidence that it is in
Australia’s national interest to commit to emissions reductions of at
least 25 per cent by 2020, and that we should be prepared to go there,”
said John Connor, Climate Institute CEO.
is a clear message that the target range in the December White Paper
should include the 25% by 2020 reduction target, a target backed by the
country’s top climate scientists on Monday.
Garnaut Review report also shows that the economic costs of reducing
emissions are manageable and the Government cannot afford to gamble with
Australia’s future prosperity by acting on the inflated demands of some
of the country’s biggest polluters.
fact Climate Institute analysis of the treasury modeling in the Review
shows that under the two ‘action’ scenarios average households will be
the scenario of 450ppm, average incomes rise by $106 a week. Under
business as usual, or no action on climate change, incomes rise by $118
but, if followed by other countries, we leave a legacy of catastrophic
economic and environmental impacts for future generations
tough action on climate change sees electricity prices increase by $8 a
week in 2020, compared with no action. However, this price rise is more
than offset by income growth and households are still better off under
the 450ppm scenario. Other costs will not go close to erasing this net
Professor Garnaut has highlighted, it will be a tough road to an
effective global agreement but now is not the time to quit on the Great
Barrier Reef, the economic viability of the Murray Darling or on
avoiding dangerous runaway climate change and the safety and prosperity
of future generations.”
spotlight now falls squarely on the Government and the Opposition and
the need for bipartisan support for scientifically and internationally
credible targets,” concluded Mr Connor.