21 February 2008
The interim report of the Garnaut Review was released on 21 February 2008. The executive summary states:
- "Adaptation to climate change, energy efficiency and the distribution of the costs of climate change across households and regions are not considered in any detail in the report, but will be addressed in the final report."
- "Australia’s interest lies in the world adopting a strong and effective position on climate change mitigation. This interest is driven by two realities of Australia’s position relative to other developed countries: our exceptional sensitivity to climate change: and our exceptional opportunity to do well in a world of effective global mitigation. Australia playing its full part in international efforts on climate change can have a positive effect on global outcomes. The direct effects of Australia’s emissions reduction efforts are of secondary importance."
Interim greenhouse gas emissions reduction targets for 2020 to be set in 2008 are supported in addition to targets for 2050. An emissions trading scheme (ETS) is also supported, but there is little discussion as to why it is preferred over a carbon tax. There seems to be support for the continued public funding of research into carbon capture and storage in spite of the failure of the FutureGen project in the US to maintain public funding.
Read more about this topic: Garnaut Climate Change Review, Interim Report
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